An estimate of the number of terms to maturity, taking the possibility of early payments into account. Average life is calculated using the weighted average time to the receipt of all future cash flows. 

|||This is often used in sinking funds. 

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• average
• Average Qualitative Opinion - AQO
• Average Down
• Average Cost Basis Method
• Return On Average Equity - ROAE
• Weighted Average Market Capitalization
• Average Price
• Average Annual Yield
• Average Effective Maturity
• Weighted Average Maturity - WAM