Home > Term: Burnout
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.
- Part of Speech: noun
- Industry/Domain: Financial services
- Category: General Finance
- Company: Bloomberg
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Creator
- Harry8L
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(V.I.P) 574128 points - 100% positive feedback
(London, United Kingdom)
