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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I'm excited to be competing in my first-ever Pennzoil Victory Burnout Challenge," said AJ Allmendinger, driver of the No.
The 2012 champion will be awarded $10,000 for their designated charity, bragging rights and a guaranteed spot in the 2013 Pennzoil Victory Burnout Challenge.
Most of the cars in the burnouts are rear-wheel drive, so their smoke generally blows behind the car.
Most cars sustain little damage in the burnouts beyond bald or blown-out tires.
The fire was 30 percent contained Wednesday with two miles of fire line burnout left to finish on the east side of the blaze above Hayden Ranch.
Burnout Dominator for PSP also features ad hoc multiplayer for up to six players, as well as "ScoreSync" functionality, which allows gamers to compare their best race times against their friends.
Burnout Dominator was developed by EA's Criterion Games and UK Studio team in Guildford, UK.
We hypothesized that healthy workers with chronic stress and with mild burnout symptoms would have worse physiological dysregulations and lower cortisol levels - a profile consistent with burnout," said Juster.
The levels of stress hormone cortisol are often high in people suffering from depression, while it tends to be low in cases of burnout.
Burnout Dominator will ship in 2007 under the EA[TM] brand and is developed by EA's UK Studio team in Guildford, UK.