If you recast something, you change it by organizing it in a different way. The shake-up aims to recast IBM as a federation of flexible and competing subsidiaries. + recasting re·cast·ing the recasting of the political map of Europe
cast or model anew; "She had to recast her image to please the electorate in her home state" cast again; "The bell cracked and had to be recast" cast again, in a different role; "He was recast as Iago
To mold anew; to cast anew; to throw into a new form or shape; to reconstruct; as, to recast cannon; to recast an argument or a play
To re-amortize the remaining principal balance for the remaining term of the loan Typically used in negative amortization loans
To recast an actor's role means to give the role to another actor. Stoppard had to recast four of the principal roles
To redesign an existing loan balance into a new loan for the same period or longer, to reduce payments and help a distressed borrower
To recalculate the monthly payment on the ARM so that the loan will fully amortize during the original term of the loan Recasting is most commonly used with negatively amortizing ARMs and usually occurs when the negative amortization cap has been reached at a predetermined interval (often 5 years)