Wraparound

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Related to wrap-around: Wrap-Around Mortgage, Wrap-Around Loan

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 ?
A contemporary alternative to the wrap-around is a dress with ruching or tucking at the waistline, which gives the impression of extra fabric and also creates a concealing effect.
The SoC's high-performance, integrated design makes it ideal for use with the Fujitsu 360-degree Wrap-Around Video Imaging Technology, which will be demonstrated for the first time as a commercial solution ready for deployment.
They do, however, allow employers to cover workers using a wrap-around plan.
With its continuous wrap-around presentation and brightly lit interior, this unique end-cap freezer is the perfect choice to feature fast-moving items, create impulse sales and build margins.
This item is easy to use and can be applied to most electric locks that currently require expensive, wrap-around style batteries which could be replaced by rechargeable ones.
A specially designed wrap-around garment for people to wear while in hospital was launched at Capital and Coast District Health Board (DHB) last month.
For tray and wrap-around packing machines, KHS now also offers a glue Innocoll HMP.
Shipper designs include wrap-around cases and trays, various display shippers, pre-made RSC case, and others.
Despite the criticism that these could be too oppressive for the relatively diminutive life-sized residents guarded within, Soler has outcamped himself with his latest wrap-around strategy, this time working for the French Ministry of Culture with a more robust, but equally theatrical, stainless-steel screen.
The Helena's design is a bold reinvention of the conventional residential high-rise, boasting floor to ceiling glass, wrap-around windows and sleek metal panels.
But, as employers study the rules and evaluate their specific positions, most are showing support for keeping their existing retiree drug programs rather than moving to the wrap-around or other alternatives.