Definition of term:: Wraparound band
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Strip of paper, usually with advertising, reviews, or movie-tie-in information that has been added to the book, often at a later date. A book so accessorized is usually coveted, as the bands were fragile and invariably discarded. On occasion these are colorfully referred to as “belly-bands” or “belly-wrappers.” They are usually not referred to as cumberbunds, or books in bondage.
Source: What bookdealers really mean. A dictionary by Tom Congalton and Dan Gregory (Between the Covers), with additions from other sources