Burnout
3 definitions

Burnout

Mortgage market phenomenon representing the tendency of mortgage pools to become less sensitive to interest rate changes as the pool seasons; the more the remaining loans in a pool have missed refinancing opportunities, the more ‘burn out’ it is to interest rates changes.

Burnout

The point in time or in the missile trajectory when combustion of fuels in the rocket engine is terminated by other than programmed cutoff.

Burnout

Spinning the rear tires in water to heat and clean them prior to a run for better traction in NHRA races. A burnout precedes every run.

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About this term

Burnout has been defined 3 different ways in documents like Glossary of Fixed Income Market Terminology, Ballistic Missile Defense, Glossary.

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