Average Life Also termed weighted-average life (WAL). Number of years on average that a dollar of outstanding principal on a mortgage remains unpaid. Computed as the weighted average time (using the principal paydowns’ dollar amounts as weights) to receipt of all future cash flows. … [Read more...]
Average Maturity
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Average Maturity Time left, on an average, to maturity date on securities owned by a mutual fund. Long average life funds are impacted more by interest rate changes. … [Read more...]
Average (Across-Day) Measures
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Average (Across-Day) Measures Price estimation using average price or representative price of trades in large numbers cumulatively. … [Read more...]
Average Rate of Return (ARR)
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Average Rate of Return (ARR) Average cash inflow compared to investment amount represented as a ratio. … [Read more...]
Average Tax Rate
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Average Tax Rate Formula: total taxes divided by total income that is taxable. Shows taxes as a fraction of income. … [Read more...]
Away
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Away Used to denote a quote, trade, or market originating from some place other than the dealer in question. … [Read more...]
Ax
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Ax A market maker who has the primary influence over a given security’s price action. Determined by studying level II quotes over several days. … [Read more...]
