Wraparound


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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 ?
Biancheria agreed, calling on the administration to return with a more detailed report on the wraparound zone by the end of the month.
Last year, Fujitsu Semiconductor developed a 360A wraparound view system that employed a second-generation MB86R10 series graphics SoC and also worked with megapixel cameras.
Based on the multidimensional evidence-based practice inquiry process (Petr, 2009; Petr &Walter, 2005), this review reports knowledge obtained from the literature about current wraparound practices from three perspectives: the research perspective, as reflected in empirical studies on effectiveness; the professional perspective, reflecting the knowledge of practitioners who are involved in the practice or administration of wraparound; and the perspectives of various other consumers.
Wraparound sleeving is becoming a more and more popular cartoning method, providing food producers with the opportunity to reduce packaging materials and abide by sustainability guidelines now expected by the food industry.
Through its very individualized, strength-based, comprehensive services and focus on family involvement, Wraparound demonstrates that even children with the most complex needs can be effectively and safety cared for in their homes instead of institutions.
a private program-evaluation company that is the primary contracted evaluator for the national wraparound demonstration program sites.
The system was shown at last fall's Fakuma show in Germany producing cups with wraparound labels in four cavities on a 175-ton, all-electric Arburg Allrounder 520 A machine.
More communities are moving toward a wraparound model of care for youths, with a growing recognition of the need to redesign how services are provided to multi-stressed children and families.
The court heard from the leading experts in the field that wraparound and (therapeutic foster care), provided in a family setting, can turn around a child's negative trajectory and produce virtual miracles,'' said Ira Burnim, legal director of the Bazelon Center for Mental Health Law, a national advocacy group.
The mayor embraced his new role enthusiastically and looked impressive in his chain of office and the wraparound sunglasses.
Prices start from just pounds 6 for vests to pounds 32 for wraparound dresses
Features: We have a wonderful old 1910 farmhouse with a wraparound porch and private guestrooms.