 Posted: Tue Jun 21, 2005 4:58 am Subject: Debt Glossary for alphabet "W" |
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Hi,
I have enlisted all the major terminologies related to debt under alphabet W below -
Waiver: A formal written statement of renouncing a claim or right or position etc.
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.
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.
Regards
Roxette
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roxette
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