I came across the term “WAIR” in Visible Equity. Can you clarify what it stands for?
Dear WAIR Weary,
Great question! WAIR is an acronym for Weighted Average Interest Rate. Various Visible Equity reports (e.g. Profitability Report, Statistics Report, Static Pool Report) utilize WAIR calculations.
Weighted Average calculations place a greater “weight” or emphasis on loans with a higher balance.