Weighted Average Maturity means the average length of time to legal maturity or, if shorter, to the next interest rate reset to a money market rate, of all of the underlying assets in the Fund reflecting the relative holdings in

Weighted Average Maturity. (WAM) shall mean a measure of the average length of time to maturity of all of the underlying securities in the fund weighted to reflect the relative holdings in each instrument, assuming that the maturity of a floating rate instrument is the time remaining until the next interest rate reset to the money market rate, rather than the time remaining before the principal value of the security must be repaid. In practice, WAM is used to measure the sensitivity of a MMF to changing money market interest rates;

Weighted Average Maturity means the average length of time to legal maturity or, if shorter, to the next interest rate reset to a money market rate, of all of the underlying assets in a Money Market Fund reflecting the relative holdings in each asset. It is used to measure the sensitivity of a Money Market Fund to changing money market interest rates;

## Examples of *Weighted Average Maturity* in a sentence

See "**Weighted Average Maturity**." Money Market Mutual Fund — Mutual funds that invest solely in money market instruments (short-term debt instruments, such as Treasury bills, commercial paper, bankers' acceptances, repos and federal funds).

Historical **Weighted Average Maturity** of Marketable Debt Outstanding p.

The Fund will maintain a **Weighted Average Maturity** not exceeding 60 days.

The Fund is to have a **Weighted Average Maturity** of no more than 60 days.

**Weighted Average Maturity** (WAM) calculates an average time to maturity of all of the securities held in the portfolio, weighted by each security's percentage of the portfolio's amortized cost.

## More Definitions of *Weighted Average Maturity*

Weighted Average Maturity. (“WAM”) means the average length of time to maturity or, if shorter, to the next interest rate reset to a money market rate, of all the underlying assets in the UCITS reflecting the relative holding in each case.

Weighted Average Maturity means (A) the sum of the products, determined separately for each maturity or sinking fund payment date and taking into account any mandatory redemptions of the obligation, of (i) with respect to a serial obligation, the principal amount of each serial maturity of such obligation and the number of years to such maturity, or (ii) with respect to a term obligation, the dollar amount of each mandatory sinking fund payment with respect to such obligation and the number of years to such payment, divided by (B) the aggregate principal amount of such obligation.

Weighted Average Maturity means on any day, the number of days equal to (i) 30.0 times (ii) the average of the aggregate Outstanding Balances of Receivables on the two most recent Cut-Off Dates, divided by (iii) Newly Generated Receivables. For purposes of this definition, "Newly Generated Receivables" means, on any day, the amount equal to the sum of (i) the Outstanding Balance of Receivables billed during the month ending on the most recent Cut-Off Date, plus (ii) the difference between (A) the Outstanding Balance of Unbilled Receivables as of the most recent Cut-Off Date minus (B) the Outstanding Balance of Unbilled Receivables as of the second most recent Cut-Off Date.

Weighted Average Maturity of Prepaid Principal Payments means the period of time (expressed as a number of days) from the Prepayment Date which is equal to the quotient of:

Weighted Average Maturity means on any date as reported in the most recent Monthly Report with respect to any specified group of Purchased Claims, the weighted average of the maturities (determined by reference to the Scheduled Maturity Dates) of all such outstanding Purchased Claims in such group as of the last day of month covered by such report.

Weighted Average Maturity means the average length of time to legal maturity or, if shorter, to the

Weighted Average Maturity means the weighted average maturity of all Eligible Loan Assets based on Aggregate Outstanding Balance.