Burnout

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Burnout

Depletion of a tax shelter's benefits. In the context of mortgage backed securities it refers to the percentage of the pool that has prepaid their mortgage.

Burnout

In a mortgage-backed security, the percentage of mortgages underlying the security that were not re-financed following a drop in interest rates. Historically, a mortgage that is not re-financed is less likely to re-finance at the next drop in interest rates. As a result, potential investors in mortgage-backed securities often look for a high burnout rate because it reduces prepayment risk, or the risk that investors will be deprived of future interest payments because too many mortgages are prepaid.
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Burn-outs are a piece of double chocolate cake and it out-accelerates a Suzuki Burgman 400 to 5omph .
From the coolest bikes and burn-outs to the hottest biker chicks and outlaws, with smokin' LIVE performances from the platinum selling hard rock band JACKYL, this 90- minute special will be a wild ride that will break all barriers as well as a World's Record for the largest motorcycle burnout ever
The 18,000-acre Davis Fire will grow larger as crews continue to do burn-outs to remove unburned pockets of fuel and ensure the fire remains within fire lines.
When you consider some of the heartbreaking burn-outs that have scarred the women's game over the last 20 years - Andrea Jaegar, Tracy Austin, Jennifer Capriati in her days of rebellion to name but three - the Williamses have much for which to thank their parents after rising from the Californian ghetto of Compton.
However," she added, "it's getting a little harder to translate these sophisticated looks on to the sheer as processes such as burn-outs become more and more popular.
Plus we had a great time doing the burn-outs for the commercial to promote the sweepstakes
Derby Road, three teens doing burn-outs in a Mustang.
PREMIO LOCO can storm to Winter Derby glory at Lingfield this afternoon to banish post-Cheltenham depression from Festival burn-outs.
Burn-outs, goths and wannabe gangsters are flocking to MySpace, while Facebook is attracting geeks, nerds and bookish types.
From the coolest bikes and burn-outs to the hottest biker chicks and outlaws, body painting and tattoo exhibitions, and super-charged LIVE performances from the platinum selling hard rock band JACKYL, this 90- minute special will be a wild ride that will break all barriers as well as a World's Record for the largest motorcycle burnout ever
Electricity was cut to Westfir and Oakridge for several hours Tuesday afternoon as firefighters mopped-up areas of the power line right-of-way already blackened and then set burn-outs in other areas that were still threatened by the fire.
What he's not happy about are the warm-up bouts booked in by long-time mucker and trainer Gibson (Kenneth Cranham) as they are a bunch of burn-outs who are going to make the match look like a joke.