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Day around order |
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Day around orderA day order that supersedes (cancels and ../../finance-glossary/s) the previous order by altering its size or price limit.Day around order Similar MatchesDesignated order turnaround system (DOT)Designated order turnaround system (DOT)Computerized order entry system that allows orders to buy or sell large baskets of stock to be transmitted immediately to the specialist on the exchange, where execution will occur quickly, depending on the basket size. Also used for odd-lot transactions to occur at the prices and quantities available. See: AOS. Wraparound mortgageWraparound mortgageA loan to a buyer for the remaining balance on a seller's first mortgage and an additional amount requested by the seller. Payments on both loans are made to the lender who holds the wraparound loan. Wraparound mortgageWraparound mortgageA second mortgage that leaves the original mortgage in force. The wraparound mortgage is held by the lending institution as security for the total mortgage debt. The borrower makes payments on both loans to the wraparound lender, which in turn makes payments on the original senior mortgage. All inclusive Trust Deed (wrap around mortgage)All inclusive Trust Deed (wrap around mortgage)A financing technique which involves the creation of a new trust deed which includes the balance due on the existing note plus any new funds advanced. Around usAround usUsed in context of general equities. See: Away from you. Further SuggestionsWraparoundWrap Around Mortgage Super Designated Order Turnaround System Turnaround time Wraparound annuity Turnaround |
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