Average Life Sample Clauses

Average Life. 5 beneficial interest...................................................5
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Average Life. The Reinvestment Yield shall be rounded to the number of decimal places as appears in the interest rate of the applicable Note.
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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 bill 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.
Sample 1
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...
Sample 1
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.
Sample 1
Average Life. All or None (AON) A requirement that the total amount of a given order be executed at the specified price - no lesser amount will be acceptable. Alternative Mortgage Instrument (AMI) A non-traditional mortgage; a mortgage with terms varying from those of traditional mortgages in one or more ways. Among the AMIs in use today are: Variable Rate Mortgage (VRM): characterized by interest rates that vary according to a formula tied to the lender's cost of money or other index. Graduated Payment Mortgage (GPM): characterized by a fixed interest rate and term to maturity, but payments that are at first relatively small and which rise by a fixed percentage per year for a fixed number of years.
Sample 1
Average Life. The arithmetic weighted average life of a bond where the weights are the proportion of the principal amount being redeemed. AVG Average Away 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)." Axe Short for "axe to grind". Refers to a trading position or preference. XX Xxxxxx'x Acceptance Baby Bond 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. Back Months Those futures contract months which are beyond 12 months of the current date. Balanced Account An account which holds both fixed income or debt securities (bonds) as well as equities (stocks), or bonds and international bonds.
Sample 1
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Related to Average Life

  • Maturities Each Note will mature on a date nine months or more from its Original Issue Date (the "Stated Maturity Date") selected by the investor or other purchaser and agreed to by the Company.

  • Term to Maturity Each Receivable had an original term to maturity of not more than 72 months and not less than 12 months and a remaining term to maturity as of the Cutoff Date of not more than 71 months and not less than three months.

  • Maturity As provided therein, the entire unpaid principal balance of each Note shall be due and payable on the Maturity Date thereof.

  • Determination of Treasury Rate Unless otherwise specified in the applicable Pricing Supplement if the Base Rate specified on the face hereof is the Treasury Rate, the “Treasury Rate” means, with respect to any Treasury Rate Determination Date (as defined below), the rate for the auction held on such Treasury Rate Determination Date of direct obligations of the United States (“Treasury bills”) having the Index Maturity specified on the face hereof, as published in H.15(519) under the heading “U.S. Government Securities-Treasury bills-auction average (investment)” or, if not so published by 3:00 P.M., New York City time, on the Calculation Date pertaining to such Treasury Rate Determination Date, the auction average rate (expressed as a bond equivalent on the basis of a year of 365 or 366 days, as applicable, and applied on a daily basis) as otherwise announced by the United States Department of the Treasury for Treasury bills on such Treasury Rate Determination Date having the Index Maturity specified on the face hereof. In the event that the results of the auction of Treasury bills having the Index Maturity specified on the face hereof are not published or reported as provided above by 3:00 P.M., New York City time, on such Calculation Date, or if no such auction is held on such Treasury Rate Determination Date, then the Treasury Rate shall be calculated by the Calculation Agent and shall be a yield to maturity (expressed as a bond equivalent on the basis of a year of 365 or 366 days, as applicable, and applied on a daily basis) of the arithmetic mean of the secondary market bid rates, as of approximately 3:30 P.M., New York City time, on such Treasury Rate Determination Date, of three leading primary United States government securities dealers selected by the Calculation Agent for the issue of Treasury bills with a remaining maturity closest to the Index Maturity specified on the face hereof; provided, however, that if the dealers selected as aforesaid by the Calculation Agent are not quoting bid rates as mentioned in this sentence, the rate of interest for the applicable period will be the rate of interest in effect on such Treasury Rate Determination Date. The “Treasury Rate Determination Date” will be the day of the week in which the related Interest Reset Date falls on which Treasury bills would normally be auctioned. Treasury bills are normally sold at auction on Monday of each week, unless that day is a legal holiday, in which case the auction is normally held on the following Tuesday, except that such auction may be held on the preceding Friday. If, as the result of a legal holiday, an auction is so held on the preceding Friday, such Friday will be the Treasury Date Determination Date pertaining to the Interest Reset Date occurring in the next succeeding week. If an auction date shall fall on any Interest Reset Date for a Note whose Base Rate is the Treasury Rate, then such Interest Reset Date shall instead be the first Business Day immediately following such auction date. The interest rate for each such Interest Reset Date shall be the Treasury Rate plus or minus the Spread or multiplied by the Spread Multiplier, if any, as indicated on the face hereof.

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