Characteristics
Interest Rate - Distribution means the Effective Interest Rate Distributed into 10 buckets. Based on the weighted average of Original Principal Balance disbursed for each month.
Interest Rate - Average means the weighted average of the Effective Interest Rate based on the sum of all loans Original Principal Balance disbursed in that month.
Term - Distribution means the Term Distributed into 10 buckets. Based on the weighted average of Original Principal Balance disbursed for each month.
Term - Average means the weighted average of the Term based on the sum of all loans Original Principal Balance disbursed in that month.
Value - Distribution means the Original Principal Balance Distributed into 10 buckets. Based on the average of Original Principal Balance disbursed for each month.
Value - Average means the weighted average of the Original Principal Balance based on the sum of all loans Original Principal Balance disbursed in that month.
Distributed is based on the most taking the difference between the maximum and minimum value and dividing by 10.
Annual Percentage Rate (APR) of Outstanding Loans means the annualized cost of a loan that is still outstanding including origination fees.
