Definition of "overhaul" []

• To examine or go over carefully for needed repairs. (verb-transitive)
• To dismantle in order to make repairs. (verb-transitive)
• Nautical To slacken (a line) or to release and separate the blocks of (a tackle). (verb-transitive)
• To make extensive renovations or revisions on; renovate: proposals to overhaul the health care system. (verb-transitive)
• To catch up with; overtake. (verb-transitive)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "For all of what he describes as the overhaul's strengths - particularly the limits placed on banks 'trading activities - he still feels that the legislation doesn't go far enough in curbing potentially problematic bank activities like investing in hedge funds."
• "We know the reason we need this "financial regulation overhaul" is because the republican belief that big business (in this case "banking" among others) cannot be trusted to be ethical and forthright. a belief fosterd by Reagan, Bush 1 and bush 2, all of which had some sort of monetary crisis during their terms and or left them for someone else to clean up!"
• "Election Day in Photos Reuters More interactive graphics and photos The most likely vehicle for changes to the financial overhaul is a "corrections bill" expected next year."