TERMIUM Plus®

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WRAP AROUND LOAN [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 1982-09-29

English

Subject field(s)
  • Banking
OBS

A procedure of financing in which a new mortgage is obtained in a secondary position. The entire loan is treated as a single obligation and the secondary mortgage assumes and pays the obligation on the first mortgage for total payment received.

French

Domaine(s)
  • Banque

Spanish

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