collateralized debt obligation

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col·lat·er·a·lized debt obligation

 (kə-lăt′ər-ə-līzd′)
n. Abbr. CDO
A financial security collateralized by a portfolio of bonds, loans, or swaps of different maturities and credit quality and issued in tranches representing the order in which losses from the portfolio are distributed.

collateralized debt obligation

n
(Banking & Finance) a debt security collateralized by a number of debt obligations including loans and bonds of different credit quality and maturity. Abbreviation: CDO
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References in periodicals archive ?
For more information on the Fitch VECTOR Model, see 'Global Rating Criteria for Collateralised Debt Obligations,' dated Oct.
For more information on the Fitch Default VECTOR Model, see 'Global Rating Criteria for Collateralised Debt Obligations,' dated Oct.