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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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Do I start with my mailbox being ripped off its post, or the nails in my driveway (got two flat tires on that one), or the burn-outs in front of my house, or maybe the trash (beer cans and glass) thrown into my yard and pasture (can't even have animals there anymore)?
When Grosvenor Chemicals experienced frequent motor burn-outs on its PVA emulsion pumps, local drive specialist Westin Drives solved the problem using LENZE smd inverters.
We do them and burn-outs all the time in demonstrations.
"The extended residence time for the polymer caused enough burn and HCI out-gassing to ruin standard chrome plating and make it necessary to rework the die, but the die in this case was DuraCoat-coated and withstood both burn-outs without damage."
The shrink tunnel uses soft convection to ensure uniform distribution of heat and eliminate hot or cold spots, producing attractive, consistent shrink packages with no bubbles or burn-outs. Equipped with an 18-inch wide conveyor moving at a top speed of 70 feet per minute, the tunnel's chamber measures 51 x 22 x 10 inches.
WINTER FITNESS TIPS Variety: Change your routine every six to eight weeks to avoid burn-outs and plateaus, says Gene Joseph, owner of IronWorks gym in Cottage Grove.
The trust had already suffered from other wooden hide burn-outs at Big Waters reserve in Newcastle, while another hide was vandalised at Linton Lane reserve.
Other activities include a unique Stunt Driving Experience where daredevil drivers can learn 'doughnuts, burn-outs and drifting' from qualified instructors on an outdoor driving course, in some of the best performance cars around.
Welding further causes undesirable fumes and burn-outs and often requires complicated electrodes and pilots that can stall production.
It also significantly reduces the potential for tracking, which has been the major cause of reduced of effectiveness and burn-outs in AC ionizing bars but the fullest information comes from Meech Static Eliminators Ltd of Burford House, 15 Thorney Leys Business Park, Witney, Oxfordshire, tel:0193 370 6700.