Business / Finance / 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.
Average Noun Synonyms: mean, norm,ual, standard
Average Adjective Synonyms: normal, common,ual, customary, general, typical, ordinary, regular
Life Verb Synonyms: existence, entity, being, sentience, viability
Life Noun Synonyms: existence, living, way of life, lifestyle
Technology / Motors / Bearing Life: Rating life, L10 (Bl0), is the life in hours or revolutions in which 90% of the bearings selected will obtain or exceed. Median life (average life), L50(B50) MORE
Business / Finance / Mortgage Life Insurance: A life insurance policy that pays off the remaining balance of the insured person's mortgage at death. MORE