1. to make a ship or boat float again after it has run aground or sunk
Usage: nautical
2. to restore financial stability to a failing company or organization
Usage: business; finance

Examples

• The coast guard worked to refloat the cargo ship that had run aground.
• Tugboats helped refloat the vessel at high tide.
• The government decided to refloat the struggling airline.
• Investors provided capital to refloat the bankrupt company.
• Engineers pumped out water to refloat the sunken barge.
• The bank agreed to refloat the failing business with a new loan.