Weighted average Coupon


Also found in: Acronyms.

Weighted average Coupon

The weighted average of the gross interest rates of mortgages underlying a pool as of the pool issue date; the balance of each mortgage is used as the weighting factor.
References in periodicals archive ?
Strong loan production resulted in reducing the weighted average coupon of its servicing portfolio to 8.
The overcollateralization, interest coverage, weighted average life, weighted average coupon, weighted average spread, and weighted average fitch rating factor tests are all passing the established covenants.
The average outstanding principal balance is $48,605, the weighted average coupon is 11.

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