What is the definition of Weighted average coupon (wac)? | Dictionary.net

WEIGHTED AVERAGE COUPON (WAC)

\wˈe͡ɪtɪd ˈavɹɪd͡ʒ kˈuːpɒn wˈak], \wˈe‍ɪtɪd ˈavɹɪd‍ʒ kˈuːpɒn wˈak], \w_ˈeɪ_t_ɪ_d ˈa_v__ɹ_ɪ_dʒ k_ˈuː_p_ɒ_n__ w_ˈa_k]\

Definitions of WEIGHTED AVERAGE COUPON (WAC)

1910 - Black's Law Dictionary (2nd edition)

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Average coupons on assets that are part of securitization. This is weighed by value. Refer to weighted average maturity.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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