• See Weighted Average Maturity.
| ||Embedded terms in definition|
| ||Average maturity|
Weighted average maturity
| ||Referenced Terms|
| ||Pool: Is a term used in several ways. From a futures trading perspective, it refers to the amount or size of unfilled orders. This inability to fill orders can occur at a limit up or limit down-market condition. For mortgages or other loans, it refers to the individual collateral underlying the security. For securitized mortgages, it can refer information such as the issuer's name, year of origination, geographic distribution, WAC, Wam and the maturity date.|
| ||Weighted average maturity: The Wam of a MBS is the weighted average of the remaining terms to maturity of the mortgages underlying the collateral pool at the date of issue, using as the weighting factor the balance of each of the mortgages as of the issue date.Weighted Average Maturity is the mean measurement of the maturity of the underlying collateral weighted by each outstanding balance.|
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