weighted average remaining term (WART)


The number of months remaining before the maturity of a pool of mortgage-backed securities stated as an average of all the securities in the pool and weighted by the amount of the remaining principle balance of each security. Used as a measure of the rate of prepayment by mortgage holders. Also called weighted average remaining maturity (WARM).
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
weighted average maturity weighted average rental rates