WAC
| Definition | : | Weighted Average Coupon |
| Category | : | Business » Finance |
| Country/Region | : | Worldwide  |
| Popularity | : |
What does WAC mean?
Weighted Average Coupon (WAC) is the average of the gross interest rates charged to the borrowers of the underlying mortgages in the pool as of the pool issue date, with the balance of each mortgage used as the weighting factor.
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