The Center For Debt Management
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Glossary of
FinanciaI & Real Estate Terms

Index of Terms | Complete List of Terms

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Waiver : A formal written statement of renouncing a claim or right or position etc.

Winding-Up : When a business/company is terminated or made bankrupt, all company assets are sold off and the proceeds go to pay the creditors. Any remaining money is distributed between the shareholders.

Wire Transfer Fee : Occasionally funds can be transferred via the inter-bank wire transfer system to you, your original creditor, or to the collection agencies. There are minimum charges as fees for this type of transfer.

Wraparound : It is a process through which an anticipatory loan is merged with a new loan the interest rate of which falls in between the old rate and the current market rate. The amount of loan is generally paid to the second lender who then forwards the same to the first lender and keeps the additional amount as fee.


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Index of Terms | Complete List of Terms


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