wrap
index clothe, cover (guard), encompass (surround), ensconce, enshroud, envelop, hide, obnubilate, obscure, plant (covertly place), shroud

Burton's Legal Thesaurus. . 2006


wrap
USA
wraparound mortgage, Also known as a wrap.
A type of secondary financing for real estate acquisitions in which a seller offers a buyer a junior mortgage separate from senior mortgages that the real estate already secures. A seller accepts a promissory note secured by the property for the amount still due on the senior mortgage, plus another amount that can be as large as the remaining purchase money balance. The buyer pays the seller every month and the seller then pays the underlying mortgagee(s). If the new buyer defaults on its payments, the seller has a right to foreclose on the property.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Synonyms:
, , , / , (by winding or folding), ,


Look at other dictionaries:

  • wrap — Ⅰ. wrap UK US /ræp/ verb [T] ( pp ) ► to put paper, cloth, or other material around something: »She wrapped the gift in tissue paper and a red bow. wrap sth in sth »I got the dealer to deliver the car wrapped in a ribbon. Ⅱ. wrap UK US /ræp/ noun …   Financial and business terms

  • Wrap — may refer to: * Wrap (food), a sandwich like food product * Plastic wrap, a thin, clear flexible plastic or aluminum foil to cover food * Shrink wrap, plastic foil to bundle boxes on a pallet for transport * Mud wrap, a type of spa treatment *… …   Wikipedia

  • wrap up — (something) to complete or stop doing something. The president will wrap up his visit to China on Thursday. It s late and I have to get home, so let s wrap it up and finish tomorrow. Etymology: based on the literal meaning of wrap something up ( …   New idioms dictionary

  • Wrap — Wrap, v. t. [imp. & p. p. {Wrapped}or {Wrapt}; p. pr. & vb. n. {Wrapping}.] [OE. wrappen, probably akin to E. warp. [root]144. Cf. {Warp}.] [1913 Webster] 1. To wind or fold together; to arrange in folds. [1913 Webster] Then cometh Simon Peter …   The Collaborative International Dictionary of English

  • WRAP — may refer to:* The [http://www.wraphome.org Western Regional Advocacy Project] , a West Coast Federal homeless policy advocacy alliance * WRAP CA, a television station in Cleveland, Ohio * The Wireless Router Application Platform, a very small… …   Wikipedia

  • Wrap — [ræp ], der od. das; s, s [engl. wrap, zu: to wrap = einwickeln]: mit einer Füllung versehener gerollter Teigfladen …   Universal-Lexikon

  • wrap-up — wrap′ up n. 1) a final report or summary: a wrap up of the evening news[/ex] 2) cvb the conclusion or final result: the wrap up of the election campaign[/ex] • Etymology: 1950–55 …   From formal English to slang

  • wrap — [n] clothing that is worn over for warmth blanket, cape, cloak, coat, cover, fur, jacket, mantle, shawl, stole; concept 451 wrap [v] surround with a covering absorb, bandage, bind, bundle, bundle up, camouflage, cloak, clothe, cover, drape,… …   New thesaurus

  • wrap — ► VERB (wrapped, wrapping) 1) cover or enclose in paper or soft material. 2) arrange (paper or soft material) round something. 3) encircle or wind round: he wrapped an arm around her waist. 4) Computing cause (a word or unit of text) to be… …   English terms dictionary

  • wrap — [rap] vt. wrapped, wrapping [ME wrappen] 1. a) to wind or fold (a covering) around something b) to cover by this means 2. to envelop, surround, overspread, etc. or hide, conceal, veil, etc. as by enveloping [a town wrapped in fog] …   English World dictionary


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.