Burnout

(redirected from Burn-out)
Also found in: Dictionary, Medical, Encyclopedia, Wikipedia.

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.
Mentioned in ?
References in periodicals archive ?
Riders can do burn-outs and fast 360-degree spins, thanks to a high-torque motor and super slick rear wheels.
Vettel was not to be denied and after it was done he ignored more team instructions and did a few burn-outs, even though it would surely incur the wrath of the FIA.
Bleachers were set up for the stunt cars, flamethrowers and burn-outs near the Johnson tunnel on Main Street yesterday afternoon and evening.
The days of going to an auction and finding just repossessions or burn-outs have gone.
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
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.