Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• WRAP ACCOUNT - A type of fully discretionary account (in which a client has given specific written auth...
  
  
• WRAP OR WRAP ACCOUNTS - Refer to accounts domiciled at brokerage firms for which the client or benefici...
  
  
• WRAP-AROUND MORTGAGE - A mortgage on a property that already has a mortgage, where the new lender assum...
  
  
• WRAP-AROUND MORTGAGE (ALSO CALLED AITD OR ALL INCLUSIVE TRUST DEED) - A second or junior mortgage with ...
  
  
• WRAPAROUND - The debt secured includes an existing debt already on the property. The payments made to t...
  
  
• WRAPAROUND ANNUITY - An investment that allows the annuitant the choice of underlying investments tax-d...
  
  
• WRAPAROUND MORTGAGE - A method of financing in which the new mortgage is placed in a secondary or subor...
  
  
• WRINKLE - A feature of a new product or security intended to entice a buyer.
  
  
• WRIT - An order of the court enforcing the law or its separate orders by directing that some act be per...
  
  
• WRIT OF EXECUTION - A claim or lien which is registered with the local enforcement officer to enforce a...