- A somewhat artificial measure sometimes used to compare bonds of different duration and different repayment schedules. It is calculated as the average of the periods for which funds are available, weighted by the amounts available in each of these periods.
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average life — The time weighed for a stream of principal cash flows. See weighted average life. American Banker Glossary Also referred to as the weighted average life ( WAL). The average number of years that each dollar of unpaid principal due on the mortgage… … Financial and business terms
Average life — Also referred to as the weighted average life ( WAL). The average number of years that each dollar of unpaid principal due on the mortgage remains outstanding. Average life is computed as the weighted average time to the receipt of all future… … Financial and business terms
Average Life — An estimate of the number of terms to maturity, taking the possibility of early payments into account. Average life is calculated using the weighted average time to the receipt of all future cash flows. This is often used in sinking funds … Investment dictionary
average life — noun of a radioactive substance : the average of the times required for the disintegration of all the atoms, being 1.443 times the half life * * * Physics. See mean life … Useful english dictionary
Average life — For a bond it is the weighted average of the maturities of all the bonds in a given issue after taking into account any amortisation provisions (i.e., reductions by sinking or purchase fund) … International financial encyclopaedia
average life — A somewhat artificial measure sometimes used to compare bonds of different duration and different repayment schedules. It is calculated as the average of the periods for which funds are available, weighted by the amounts available in each of… … Accounting dictionary
average life — Physics. See mean life. * * * … Universalium
Average Life — (средний срок погашения) мера дюрации инвестиций, основанная на среднем промежутке времени, который требуется для возврата инвестированных средств. Средний срок погашения вычисляется путем перемножения каждой выплаты в счет погашения основного… … Ипотека. Словарь терминов
Weighted-Average Life — The Weighted Average Life (WAL) of an amortizing loan or amortizing bond, also called average life, [ [http://www.pimco.com/LeftNav/BondResources/Glossary/ PIMCO glossary] ] is the weighted average of the times of the principal repayments : it s… … Wikipedia
Yield To Average Life — The yield on a fixed income security when the average maturity is substituted for the maturity date of the issue. It is particularly useful when a bond has a sinking fund feature, as average life in this case may be significantly less than the… … Investment dictionary