See Also: Average life(money)
Average life(finance)
Yield to average life(finance)
Weighted average life(money)
Yield to average life(money)
Tight money or dear money(finance)
With average (W.A.)(finance)
Average(medicine)
Average down(finance)
Average up(finance)

Average life (money)


Definition: [crh] Also referred to as the weighted-average life (WAL). The average number of years that each dollar of unpaid principalDefinition: due on the mortgage remains outstanding. Average life is computed as the weighted-average time to Definition: the receipt of all future cash flows, using as the weights the dollar amounts of the principal paydowns.