wraparound mortgage


noun

a mortgage, as a second mortgage, that includes payments on a previous mortgage that continues in effect.

Nearby words

  1. wrap account,
  2. wrap party,
  3. wrap up,
  4. wrap-up,
  5. wraparound,
  6. wrapover,
  7. wrapped,
  8. wrapped up,
  9. wrapped up in,
  10. wrapper

Origin of wraparound mortgage

First recorded in 1970–75

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019