GroundRules
IC 8-14.5-2-13: Weighted average life
Where this section sits in the code
- TITLE 8. UTILITIES AND TRANSPORTATION
- ARTICLE 14.5. LEASE FINANCING FOR TRANSPORTATION SYSTEMS
- Chapter 2. Definitions
Sec. 13. "Weighted average life" of an issue of bonds or notes means:
(1) the sum of the products of the face amount of each maturity and the number of years to maturity (determined separately for each maturity and by taking into account mandatory sinking fund redemptions); divided by
(2) the face amount of the entire issue of bonds or notes.
Collected 2026-10-04T20:08:46Z. Source file · JSON