Weighted Average Maturity definition

Weighted Average Maturity means the average length of time to legal maturity or, if shorter, to the next interest rate reset to a money market rate, of all of the underlying assets in a Money Market Fund reflecting the relative holdings in each asset. It is used to measure the sensitivity of a Money Market Fund to changing money market interest rates;

Weighted Average Maturity means the average length of time to legal maturity or, if shorter, to the next interest rate reset to a money market rate, of all of the underlying assets in the Fund reflecting the relative holdings in each asset.

Weighted Average Maturity. (WAM) shall mean a measure of the average length of time to maturity of all of the underlying securities in the fund weighted to reflect the relative holdings in each instrument, assuming that the maturity of a floating rate instrument is the time remaining until the next interest rate reset to the money market rate, rather than the time remaining before the principal value of the security must be repaid. In practice, WAM is used to measure the sensitivity of a MMF to changing money market interest rates;

Examples of Weighted Average Maturity in a sentence

• The calculation for Weighted Average Maturity by Reset will be based on Final Maturity for Fixed Rate Instruments or the Interest Reset date for Floating Rate Instruments.

• Please refer to the table below for a summary of the terms (in millions): Coupon Principal Weighted Average Interest Rate Weighted Average Maturity All of the new indebtedness of $665.0 million is variable funding.

• The calculation for Weighted Average Maturity to Final will be based on Final Maturity for both Fixed and Floating Rate Instruments except in the case of Structured Products, which will use Expected Maturity.

• Refer to the table below for a summary of the terms (in millions): Coupon Principal Weighted Average Interest Rate Weighted Average Maturity Term Loan Facility Fixed $ 1,800.0 2.03 % May 9, 2016 Variable Funding Notes Floating (1M LIBOR + 2.65%) 4,228.6 2.82 % February 27, 2016 Total $ 6,028.6 2.58 % All of the new indebtedness of $698.2 million is variable rate funding.

• Weighted Average Maturity as of 04/30/1999 11.129 I Certify that the Information in this report is Correct The Chase Manhattan Bank By : Creation Date Tue May 4, 1999 01:12 PM Page 1 The Chase Grantor Trust 1995-A 6.00% Automobile Loan Pass-Through Certificate MONTHLY BALANCE REPORT ---------------------- Due Period 44 Beginning Date 04/01/1999 Due Period 44 End Date 04/30/1999 Determination Date 05/10/1999 Remittance Date 05/17/1999 I.

More Definitions of Weighted Average Maturity

Weighted Average Maturity means the sum of the products of the issue price of each Maturity and the number of years to Maturity (determined separately for each Maturity and taking into account mandatory redemptions), divided by the aggregate Expected Offering Price of the Notes as of the date hereof.

Weighted Average Maturity means (A) the sum of the products, determined separately for each maturity or sinking fund payment date and taking into account any mandatory redemptions of the obligation, of (i) with respect to a serial obligation, the principal amount of each serial maturity of such obligation and the number of years to such maturity, or (ii) with respect to a term obligation, the dollar amount of each mandatory sinking fund payment with respect to such obligation and the number of years to such payment, divided by (B) the aggregate principal amount of such obligation.

Weighted Average Maturity means the average length of time to legal maturity or, if shorter, to the

Weighted Average Maturity means on any day, the number of days equal to (i) 30.0 times (ii) the average of the aggregate Outstanding Balances of Receivables on the two most recent Cut-Off Dates, divided by (iii) Newly Generated Receivables. For purposes of this definition, "Newly Generated Receivables" means, on any day, the amount equal to the sum of (i) the Outstanding Balance of Receivables billed during the month ending on the most recent Cut-Off Date, plus (ii) the difference between (A) the Outstanding Balance of Unbilled Receivables as of the most recent Cut-Off Date minus (B) the Outstanding Balance of Unbilled Receivables as of the second most recent Cut-Off Date.

Weighted Average Maturity means, with respect to an issue of Securities, the weighted period of time required to repay half of the issue through scheduled principal payments (e.g., maturity, sinking fund redemption, etc.). The Weighted Average Maturity—which is variously referred to as the “WAM,” “average life,” and “weighted average life”—is a reflection of the rapidity with which the principal of an issue is expected to be paid. Under one commonly used calculation method, Weighted Average Maturity is equal to the total Bond years divided by the total number of Bonds (where one Bond has a $1,000 par amount, regardless of actual denomination).

Weighted Average Maturity appearing in such Section:

Weighted Average Maturity means on any date as reported in the most recent Monthly Report with respect to any specified group of Purchased Settlements, the weighted average of the maturities (determined by reference to the Scheduled Maturity Dates) of all of such outstanding Purchased Settlements in such group as of the last day of the month covered by such Monthly Report.