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.
Weighted average life = $91,000 / $23,000 = 3.96 years. The largest payment is the final payment, so the WAL is close to the total five-year term of the bond. If, for example, the year two and year five payments were switched, the weighted average life would be much lower: Year 1 = 1 x $1,000 = $1,000. Year 2 = 2 x $10,000 = $20,000