Away

Away

Away

A trade, quote, or market that does not originate with the dealer in question, e.g., “the bid is 98-10 away from me.



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Average tax rate

Average tax rate

Average tax rate

Taxes as a fraction of income; total taxes divided by total taxable income.



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Average life

Average life

Average life

Also referred to as the weighted-average life (WAL). The average number of years that each dollar of unpaid principal due on the mortgage remains outstanding. Average life is computed as the weighted average time to the receipt of all future cash flows, using as the weights the dollar amounts of the principal paydowns.



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Average cost of capital

Average cost of capital

Average cost of capital

A firm’s required payout to the bondholders and to the stockholders expressed as a percentage of capital contributed to the firm. Average cost of capital is computed by dividing the total required cost of capital by the total amount of contributed capital.



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Average (across-day) measures

Average (across-day) measures

Average (across-day) measures

An estimation of price that uses the average or representative price of a large number of trades.



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