Average Life Sample Clauses

Average Life. The Reinvestment Yield shall be rounded to the number of decimal places as appears in the interest rate of the applicable Note.

Average Life. 5.15 1.88 1.55 1.10 0.93 0.67 Duration: 4.08 1.69 1.41 1.02 0.87 0.63 First Prin Pay: 7/97 7/97 7/97 7/97 7/97 7/97 Last Prin Pay: 1/07 5/01 8/00 9/99 5/99 11/98 ----------------------------------------------------------------------------- A2 SENIOR Price: 99-31 Coupon: 6.5500 Original Par: 25,021,000 ----------------------------------------------------------------------------- To Call: Bond Yield: 6.61 6.59 6.58 6.56 6.54 6.51 Average Life: 11.82 5.37 4.43 3.10 2.59 1.84 Duration: 7.96 4.37 3.71 2.71 2.30 1.68 First Prin Pay: 1/07 5/01 8/00 9/99 5/99 11/98 Last Prin Pay: 4/11 5/04 3/03 7/01 11/00 11/99 ----------------------------------------------------------------------------- A3 SENIOR Price: 99-27 Coupon: 6.7000 Original Par: 19,982,000 ----------------------------------------------------------------------------- To Call: Bond Yield: 6.78 6.78 6.78 6.77 6.76 6.75 Average Life: 15.60 8.60 7.22 5.10 4.07 2.84 Duration: 9.36 6.31 5.52 4.17 3.45 2.51 First Prin Pay: 4/11 5/04 3/03 7/01 11/00 11/99 Last Prin Pay: 3/15 4/08 8/06 12/03 7/02 11/00 ----------------------------------------------------------------------------- This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "Material"), is privileged and confidential, is intended for use by the addressee only, and may not be provided to any third party other than the addressee's legal, tax, financial and/or accounting advisors for the purposes of evaluating such information. Prospective investors are advised to read carefully, and should rely solely on, the final prospectus and prospectus supplement (the "Final Prospectus") related to Deutsche Financial Capital Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series 1997-I (the "DFC 97-I Certificates") in making their investment decisions. This material does not include all relevant information relating to the DFC 97-I Certificates described herein, particularly with respect to the risk and special considerations associated with an investment in DFC 97-I Certificates. All information contained herein is preliminary and it is anticipated that such information will change. Any information contained herein will be more fully described in, and will be fully superseded by the preliminary prospectus supplement and Final Prospectus. Although the information contained in the material is based on sources the Underwriters believe to be reliable, the Underwriters make no representation or warranty that s...

Average Life. All or None (AON) Alternative Mortgage Instrument (AMI)

Average Life. The Reinvestment Yield shall be rounded to the number of decimal places as appears in the interest rate of the applicable Note. If such yields are not Reported or the yields Reported as of such time are not ascertainable (including by way of interpolation), then “Reinvestment Yield” means, with respect to the Called Principal of any Note, the sum of (x) 0.50% plus (y) the yield to maturity implied by the U.S. Treasury constant maturity yields reported, for the latest day for which such yields have been so reported as of the second Business Day preceding the Settlement Date with respect to such Called Principal, in Federal Reserve Statistical Release H.15 (or any comparable successor publication) for the U.S. Treasury constant maturity having a term equal to the Remaining Average Life of such Called Principal as of such Settlement Date. If there is no such U.S. Treasury constant maturity having a term equal to such Remaining Average Life, such implied yield to maturity will be determined by interpolating linearly between (1) the U.S. Treasury constant maturity so reported with the term closest to and greater than such Remaining Average Life and (2) the U.S. Treasury constant maturity so reported with the term closest to and less than such Remaining Average Life. The Reinvestment Yield shall be rounded to the number of decimal places as appears in the interest rate of the applicable Note. “Remaining Average Life” means, with respect to any Called Principal, the number of years obtained by dividing (i) such Called Principal into (ii) the sum of the products obtained by multiplying (a) the principal component of each Remaining Scheduled Payment with respect to such Called Principal by (b) the number of years, computed on the basis of a 360-day year comprised of twelve 30- day months and calculated to two decimal places, that will elapse between the Settlement Date with respect to such Called Principal and the scheduled due date of such Remaining Scheduled Payment. “Remaining Scheduled Payments” means, with respect to the Called Principal of any Note, all payments of such Called Principal and interest thereon that would be due after the Settlement Date with respect to such Called Principal if no payment of such Called Principal were made prior to its scheduled due date, provided that if such Settlement Date is not a date on which interest payments are due to be made under the Notes, then the amount of the next succeeding scheduled interest payment will be reduc...

Average Life. The average maturity of the Bond does not exceed 120% of the average reasonably expected economic life of the facilities to be financed with the proceeds of the Loan.

Average Life. The average length of time that an issue of serial bonds and/or term bonds with a mandatory sinking fund feature is expected to be outstanding. Bankers' Acceptance (BA's). A draft or ▇▇▇▇ of exchange drawn upon and accepted by a bank. Frequently used to finance shipping of international goods. Used as a short-term credit instrument, bankers' acceptances are traded at a discount from face value as a money market instrument in the secondary market on the basis of the credit quality of the guaranteeing bank. Basis Point. One hundredth of one percent, or 0.01%. Thus 1% equals 100 basis points.

Average Life. The arithmetic weighted average life of a bond where the weights are the proportion of the principal amount being redeemed. Average Refers to a trade, quote or market which does not originate with the dealer in question, I.e., "the market is 100 1/4-1/2 away (from me)." Short for "axe to grind". Refers to a trading position or preference. ▇▇▇▇▇▇'▇ Acceptance A bond issued in a denomination of less than $1000 issued as a means of reaching small investors and thus widening the possible market and permitting increased diversification for small investors. Those futures contract months which are beyond 12 months of the current date. An account which holds both fixed income or debt securities (bonds) as well as equities (stocks), or bonds and international bonds.