Waiver |
The relinquishing of a right |
Warranty |
A guarantee provided to the purchases regarding the quality of appliances or fixtures sold |
Warranty deed |
A document conveying ownership of a property that guarantees a clear, clean title |
Will |
A written document stating how an individual chooses to have his or her property distributed after his or her death |
Wraparound loan or Wraparound mortgage |
A method of refinancing which covers the remaining balance on an existing first mortgage as well as the additional amount of loan being requested by the mortgagor; full payments covering both mortgages are made to the Wraparound mortgagee, who then forwards on the portion of payment due to the first mortgagee |