Definition von average life im Englisch Englisch wörterbuch
The average length of time anticipated that a bond, with a mandatory sinking fund, will be outstanding
It is a way to look at the term of a loan or bond that accounts for principal paydowns If a loan is interest only with a full balloon at the end, the average life will equal the maturity If there is amortization, principal is being paid over the life of the loan, decreasing the balloon payment and the average life This number is then used to find the treasury that has the closest remaining term, but is not shorter For example, a 10/25 loan has an average life of 9 years 9 years from today is October 2008 The current list of outstanding, non-callable US treasury securities with maturities in 2008 includes March 2008, June 2008, September 2008 and a December 2008 The lender would choose the December 2008 because it is longer than the actual due date
The weighted average time for the return of principal, where the weights are the principal payments for each period
A measure of how long it takes, on average, for the security to repay its principal
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
Average time that a dollar of principal is outstanding This measure tells an investor how long a security will remain outstanding on average For bonds that amortize principal (make periodic principal payment) this is an important measure
The average length of time an issue of serial bonds and/or term bonds with mandatory sinking funds and/or estimated prepayments is expected to be outstanding It also can be the average maturity of a bond portfolio
how long, on average, a component will last before it suffers a failure Commonly measured by Mean Time Between Failures B Backlog - Work which has not been completed by the nominated 'required by date' The period for which each Work Order is overdue is defined as the difference between the current date and the 'required by date' All work for which no 'required by' date has been specified is generally included on the backlog Backlog is generally measured in "crew-weeks", that is, the total number of labour hours represented by the work on the backlog, divided by the number of labor hours available to be worked in an average week by the work crew responsible for completing this work As such, it is one of the common Key Performance Indicators used in maintenance
The average amount of time that will elapse from the date of Mortgage Backed Security purchase until principal is repaid based on an assumed prepayment forecast Alternatively, average life is the average amount of time a dollar of principal is invested in an Mortgage Backed Securities pool
The average amount of time that will elapse from the date of MBS purchase until principal is repaid based on an assumed prepayment forecast Alternatively, average life is the average amount of time a dollar of principal is invested in an MBS pool
Also referred to as weighted average life (WAL) The average number of years that a principal dollar is expected to remain outstanding For bonds with no principal payments during the life of the bond, the average life equals the stated maturity For bonds with principal paydowns, such as asset-backed securities and mortgage-backed bonds, the average life is significantly shorter than the stated maturity
In mortgage-related investments, including CMOs, the average time to expected receipt of principal payments, weighted by the amount of principal expected
On a mortgage security, the average time to receipt of each dollar of principal, weighted by the amount of each principal prepayment, based on prepayment assumptions (See A Different Sort of Bond )