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Economic Life Financial Glossary

What is it? The period of time during which an asset has economic value and is usable

Finance Term Definition Added By: Megan

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Other Similar Finance Terms:

Financial Term EPSS is European Proposal Submittal System - replaces Protool in FP6.

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Financial Term effective range is The spread between specified upper and lower limits for prepayments in a structured CMO such as a PAC.

Financial Term Residual value is The resale value of the asset at the end of the lease.

Financial Term Dollar Cost Averaging is An investment plan requiring periodic, usually monthly, fixed dollar amount investments. This plan tends to average out the price of investments over time.