average effective maturity

Definitions (2)

1. A measure of a bond's maturity which takes into consideration the possibility that the issuer may call the bond before its maturity date.
2. A weighted average of the maturities of the bonds in a portfolio, taking into account all mortgage prepayments, puts, and adjustable coupons.
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
average weighted maturity average nominal maturity