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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The concept model also shows that all buttons are practically virtual for that very high-tech feel and shortcuts are found along the sides instead of on the screen to remove any obstacle that could hinder the wrap-around view.
"For that reason, Somic offers modular, end-of-line, automated packaging machines that can be configured to handle corrugated wrap-around packing as well as to create and pack multiple shelf-ready tray patterns," he says, noting that changeover from one style to the other takes 10 to 20 minutes.
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.
"It's a new design that fits well with the wrap-around concept," explained Brad Kieffer, spokesman for HealthNet of California.
Cutting-edge applications include a two-compartment yogurt container featuring a wrap-around label for each compartment, and a 3D lenticular-film label on a cup made as a special promotion for McDonalds featuring characters from Walt Disney.
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.
The MGC-Special is equipped with a hydrostatic NC table with a table diameter of 2500mm and a capacity of 10 tons; an automated tool changer with a 16-tool magazine and hydrostatic wrap-around guideways that are wearfree and highly rigid.
United Pacific also offers Repetitive Stress Injury (RSI) wrap-around support including the Universal Wrist Wrap, Wrist Forearm Splint and Cock-Up Wrist Splint with Dorsal Stay.
The wrap-around service delivery will make a difference for young mothers, their children and, where appropriate, the young males in their lives, said Dominic Verticchio, CAS executive director.
* wearing wrap-around sunglasses to protect the eyes and delicate skin around them.
These feature clear overlaminate protection and can be used as wrap-around or flag markers.
(http://appleinsider.com/articles/13/03/28/apple-looking-into-futuristic-device-with-wrap-around-display-and-seamless-glass-housing) Apple Insider reported that Apple filed a patent Thursday for a device that looks eerily like a fourth or fifth generation iPod Nano, and features (http://appleinsider.com/articles/13/03/28/apple-looking-into-futuristic-device-with-wrap-around-display-and-seamless-glass-housing) a wrap-around AMOLED display that can be rolled on or from the device at will, as well as stored within its chassis.