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 cash flows, using as the weights the dollar amounts of the principal paydowns.

 

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Average Life: The length of time that will pass before one-half of a debt obligation has been retired.

Bearing Life: Rating life, L10 (Bl0), is the life in hours or revolutions in which 90% of the bearings selected will obtain or exceed. Median life (average life), L50(B50)

Moving Average: A moving average of securities prices is an average that is recomputed regularly by adding the most recent price and dropping the oldest one. For example, if you looked at a 365-day moving a . . . View Full Definition

Mr. (Or Mrs.) Average: Facetious name for a bowler who doesn't show up, since his or her average is often used to compute team scoring. See also blind.