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Burnout

   Also found in: Dictionary/thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
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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Broad has urged the England and Wales Cricket Board to take preventive steps to avoid possible player burnout with two Twenty20s, five oneday internationals and four Tests in South Africa quickly followed by a tour to Bangladesh, another World Twenty20 cup in the West Indies and then a home series against Bangladesh.
Broad has urged the England and Wales Cricket Board to take preventive steps to avoid possible player burnout with two Twenty20s, five one-day internationals and four Tests in South Africa quickly followed by a tour to Bangladesh, another World Twenty20 cup in the West Indies and then a home series against Bangladesh.
Broad has urged the England and Wales Cricket Board to take steps to avoid possible player burnout with two Twenty20s, five one-day internationals and four Tests in South Africa followed by a tour to Bangladesh, another World Twenty20 cup in the West Indies and then a home series against Bangladesh.
 
 
 
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