refit noun Meaning in Cambridge Business English Dictionary
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Meaning of "refit" - Business English Dictionary

refit

noun [C]
 
 
/ˌriːˈfɪt/ US   /ˈriːˌfɪt/
PROPERTY, COMMERCE, PRODUCTION the process of making repairs or changes to a building in order to improve it or change its purpose: Last week the company opened its flagship store on Regent Street following a £13m refit. The chain has embarked on a major refit programme to draw in customers.
TRANSPORT the process of getting a ship back into good condition: The total bill for salvage, repairs and refit will be €204 million. Reductions in the size of the fleet are threatening refit work for the shipyard.
(Definition of refit noun from the Cambridge Business English Dictionary © Cambridge University Press)
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