The average coupon (interest payment) in a pool of mortgages. WAC is calculated by weighting the coupon rate by the outstanding principal balance of the mortgage at the end of each month.
weighted average coupon - Investment & Finance Definition
Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
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"weighted average coupon." YourDictionary, n.d. Web. 18 December 2018. <https://www.yourdictionary.com/weighted-average-coupon>.
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weighted average coupon. (n.d.). Retrieved December 18th, 2018, from https://www.yourdictionary.com/weighted-average-coupon
