Meaning 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
More terms such as Burnout in Dictionary B.
- Definition Bank Draft:
- Examples A draft addressed to a bank burnout definition.
- Definition Bearer Form:
- Examples Describes issue form of security not registered on the issuing corporation's books, and therefore payable to its bearer. See also: Bearer bond; coupon bond burnout explain.
- Definition Break-Even Payment Rate:
- Examples of an MBS coupon that will produce the same cash flow yield (CFY) as that of a predetermined benchmark MBS coupon. Used to identify for coupons higher than the benchmark coupon the prepayment rate burnout what is.
- Definition Bridge Financing:
- Examples Interim financing of one sort or another used to solidify a position until more permanent financing is arranged burnout meaning.
- Definition Bad Title:
- Examples Title to property that does not distinctly confer ownership, usually in the context of real estate burnout abbreviation.
