Wraparound


Also found in: Dictionary, Thesaurus, Legal, Encyclopedia, Wikipedia.

Wraparound

A financing device that permits an existing loan to be refinanced and new money to be advanced at an interest rate between the rate charged on the old loan and the current market interest rate. The creditor combines or "wraps" the remainder of the old loan with the new loan at the intermediate rate.

Wraparound

A loan whereby the borrower re-finances a previous loan at an interest rate between the current market rate and the interest rate at which the first loan was made, which is presumably lower. This allows the borrower to re-finance the first loan without being forced to accept a significantly higher interest rate.
References in periodicals archive ?
As a result of the positive outcomes of this intervention, university faculty and university disability service office personnel were encouraged to utilize this collaborative wraparound planning framework in providing services to students with disabilities in postsecondary settings.
The team included the project coordinator, the project evaluator, and four wraparound facilitators serving eight to twelve clients each.
Wraparound counseling is a synthesis of individualized wraparound planning and the basic tenets of the profession of counseling.
RESEARCH PERSPECTIVE ON THE EFFECTIVENESS OF WRAPAROUND
In a number of states, legislation has prompted wraparound expansion.
Wraparound was developed with the integration of family and community in mind, and can allow youth to receive care within the least restrictive setting (i.
Measuring fidelity determines how adequately a programme, or in this case the wraparound process, has been delivered in practice compared to its original specification and design (Mowbray et al.
We also offer full wraparound care for working parents as well as sessional care and after school club/holiday club.
Rodrigues and the wraparound zone manager, Robert E.
And now the Castle Phoenix Trust, which runs the academy, has agreed in principle to keep wraparound care at the site after meeting Coventry North West MP Geoffrey Robinson and a number of city councillors.
Northumbria's Police and Crime Commissioner Mrs Baird said: "We need a whole wraparound blanket of resources to be triggered when a victim contacts any agency - whether it is the police, a doctor, ringing a helpline or going to a sexual assault referral centre.
The new type of display is expected to wraparound the edges of the smartphone giving it a higher viewable area overall.