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Tip of the Day Consider Dropping Collision Coverage

Consider Dropping Collision Coverage - There comes a time in ever cars life where carrying collision as part of your insurance policy is just not worth it any longer. ...

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Average Weighted Maturity

Average weighted maturity - The average weighted maturity is the weighted average of time it will take all mortgages in a mortgage-backed security fund to come to term or mature. The higher the average weighted maturity the longer it will take for the securities to mature on average. The average weighted maturity is also called an average effective maturity. To determine the average weighted maturity you would calculate the average mortgage value by dividing it into the total of all mortgages in the fund. The average weighted maturity is a measure used to determine how sensitive a fixed income fund is to interest rates changes and the longer the average weighted maturity, means the more volatile the fund.

 

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Definition of the Day Take-Home Pay

Take-Home Pay – A financial term dealing with salaries, earnings from work/employers. Take-home pay is the pay that actually makes it home, once any and all deductions to your pay have been assessed and made. Also referred to as net pay. Over a period of a year, it is seen...

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