Weighted average life

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Weighted average life

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.
References in periodicals archive ?
Albert Norman was the campaign organizer for the We're Against the WAL committee in Greenfield, Massachusetts.
But if community coalitions organize early, bring their case directly to the public and trumpet the downside of mega-store development, the WALs will fail in Jericho.
The pair were also in good form when leading Wales to a test win against the New Zealand's David Fagan and Dion King.