The weighted average life (WAL) is the average length of time that each dollar of unpaid principal on a loan, a mortgage or an amortizing bond remains outstanding. Calculating the WAL shows an investor, an analyst or a portfolio manager how many years it will take to receive half the amount of the outstanding principal.
From scenic floats for getting your light lager on, to (essentially) party lakes with a stronger current, here are the 16 top tubing rivers in the US. More: America's 10 Greatest Lake Towns in the Summer. Credit: Flickr/Derek Morrison. San Marcos River, TX. San Marcos, TX. Just down the road from Austin, San Marcos is a college town in the purest sense. The small city is one of the fastest growing and hardest partying in America, and the crown jewel is the San Marcos River.
Located about 60 miles north of Houston, Lake Livingston, the second largest lake in Texas, is an 82,600 acre reservoir on the Trinity River that spreads into four East Texas counties. Operated by the Trinity River Authority and the city of Houston, the lake is 52 miles long, and has a shoreline of 452 miles. Here, on the Lake Livingston Real Estate Guide, you'll find the largest variety and selection of Lake Livingston Texas real estate in one place on the Internet.