Wraparound

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Related to Wrap Around: Wrap Around Mortgage

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 ?
Through The Wrap Around Services Model lens, low-income, high-minority communities are seen as client assets when considering healthcare improvement and maintenance.
At the back (yes, that's a standard receiver hitch assembly, as it can tow: the maximum for the 9-7X with V8 is 6,500 lb.), the rear quarter windows continue the apparent wrap around (a cue, incidentally, borrowed from the 9-5 wagon, as well).
Baumer has 35 years of manufacturing complete line Shrinkwrappers, Wrap Around cartonners, and Combined lines that include the two above-mentioned technologies.
Yo-Yo Balls are dangerous because the stretchy rubber string can wrap around a child's neck and is difficult to untangle.
Straps can work down past the lip of the doghouse cover and wrap around the PTO shaft.
It's a concept that the architect has developed and taken further in the translucent membrane he proposes to wrap around the former Huntington Hartford Gallery in New York, a marble-clad Venetian pastiche by Edward Durrell Stone, to provide a new home for the Museum of Contemporary Arts and Design.
Located a block from the World Trade Center site, the corner store features wrap around windows on both Fulton Street and Broadway.
Scientists have long tried to determine whether Mars has its own internal magnetic field or if the solar wind's magnetic field lines simply wrap around the planet.