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.
(Photograph by Peter McBride) Flowing 1,450 miles through the American West and northwest Mexico before ending at the Gulf of California, the Colorado River is the Southwestâs principal waterway. Its most scenic stretch cuts throughâand helped shapeâthe Grand Canyon.