What does CD-ROM mean? CD-ROM, compact disc read-only memory (noun) a compact disk that is used with a computer (rather than with an audio system); a large amount of digital information can be stored and accessed but it cannot be altered by the user
The average life, also referred to as the âweighted average lifeâ or âweighted average maturityâ or âWAM,â is a reflection of the rapidity with which the principal of an issue is expected to be paid.
http%3a%2f%2fwww.morningstar.com%2fInvGlossary%2fGlossary.aspx%3fterm%3daverage_maturity. Average Maturity. This figure is computed by weighting the maturity of each security in the portfolio by the market value of the security, then averaging these weighted figures. We list Average Effective Maturity for taxable-bond and hybrid funds. We list Average Nominal Maturity for municipal-bond funds.