Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,894,093,506 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Half-Life
(redirected from Anomalous materials)

   Also found in: Dictionary/thesaurus, Medical, Encyclopedia, Wikipedia 0.03 sec.
Half-life

Half Life
In a pool of mortgages underlying a mortgage-backed security, the length of time it takes for half the aggregate principal to be repaid. A half life is normally about 12 years, but this may vary depending on how often homeowners refinance their mortgages (which pays off all principal at once). Half lives are calculated for mortgage-backed securities issued or guaranteed by Freddie Mac, Fannie Mae, and Ginnie Mae.

Weighted Average Life
The amount of time for the principal on a loan or a mortgage to be paid off. The length of the weighted average life depends on the amount of principal paydowns and how often they are made. Once the WAL is calculated, one can determine how long it will take to pay off half of the remaining principal.

half-life
The length of time before half the principal on a debt is expected to be repaid through amortization or sinking fund payments. For example, a 25-year bond issue may require the issuer to retire 5% of the beginning principal commencing 5 years after the issue date. Thus, the bond issue has a half-life of 5 years plus the number of years required to retire half the issue, or 15 years. Mortgage-backed securities often have a relatively short half-life because many homeowners pay off or refinance their mortgages early. Also called average life.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?   Financial browser?   Full browser?
 
 
anomalous atrioventricular excitation
anomalous Barkhausen effect
Anomalous Choledocho-Pancreatic Ductal Junction
Anomalous cognition
anomalous communication
anomalous complex
anomalous complex
anomalous complex
anomalous complex
Anomalous Connection of Pancreatobiliary Ducts
anomalous correspondence
Anomalous cosmic ray
Anomalous cosmic ray
anomalous dispersion
anomalous expansion
anomalous fetus
anomalous fetus
anomalous fetus
anomalous fetus
anomalous Funkel effect
anomalous Hall effect
Anomalous intuition
Anomalous Junction of Pancreaticobiliary Ducts
anomalous junction of the pancreaticobiliary ductal system
Anomalous Left Main Coronary Artery
Anomalous Left Pulmonary Venous Drainage
Anomalous Long Term Effects on Astronauts
anomalous magma
Anomalous magnetic dipole moment
Anomalous magnetic moment
Anomalous materials
Anomalous Mole-Fraction Effects
Anomalous monism
Anomalous monist
Anomalous number
anomalous origin of a coronary artery
Anomalous Origin of the Left Coronary Artery
Anomalous Origin of the Left Coronary Artery from the Pulmonary Artery
Anomalous Origin of the Left Coronary Artery from the Pulmonary Artery
Anomalous Origin of the Right Pulmonary Artery
Anomalous Osmosis
Anomalous Pancreatico-Biliary Junction
Anomalous Pancreaticobiliary Ductal Junction
Anomalous Phenomenon Research Bureau
Anomalous propagation
Anomalous Propagation Detection Algorithm
Anomalous Pulmonary Vein
Anomalous Pulmonary Venous Drainage
Anomalous Pulmonary Venous Return
anomalous retinal correspondence
anomalous retinal correspondence
anomalous retinal correspondence
anomalous retinal correspondence
anomalous retinal correspondence
Anomalous Right Ventricular Muscle Bundles
Anomalous Scattering Factor
anomalous series
anomalous skin effect
Anomalous Small-Angle X-Ray Scattering
Anomalous State of Knowledge
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.