collateralized debt obligation

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Also found in: Financial.
Related to Collateralized Debt Obligations: Credit default swap, Collateralized Loan Obligations

col·lat·er·a·lized debt obligation

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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

collateralized debt obligation

(Banking & Finance) a debt security collateralized by a number of debt obligations including loans and bonds of different credit quality and maturity. Abbreviation: CDO
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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Securities and Exchange Commission, affirmed 40, upgraded three, and revised Rating Outlooks on two tranches from six collateralized debt obligations (CDOs) backed primarily by Trust Preferred (TruPS) securities issued by banks and insurance firms.
Surplus Notes and Insurance Trust-Preferred CDOs: Surplus notes and trust-preferred CDOs (collateralized debt obligations) provide another funding source for small and midsize insurance companies that find it costly to issue capital on their own.
"Derivatives are different from, but often contused with, collateralized debt obligations, or CDOs, the bundled bad mortgages sold as securities by mortgage lenders and others," explained NCPA Senor Fellow David Grantham.
Summary: Moody's Investors Service has updated its approach to rating Collateralized Debt Obligations
Three days after Zions Bancorp took a USD387m charge to rid itself of a portfolio of trust-preferred collateralized debt obligations in the wake of the adoption of the Volcker Rule, regulators said other banks need not necessarily do the same.
Maiden Lane III originally contained $62 billion face value of collateralized debt obligations backed by mortgage-backed securities of various grades.
The total value of the various forms of risky debt that were issued--corporate debt, asset-backed securities, collateralized debt obligations, and municipal debt in particular--grew substantially over the previous year, while yield spreads for these instruments decreased.
Banks favoured S&P rated more than $2.8 trillion worth of residential mortgage-backed securities and almost $1.2 trillion worth of collateralized debt obligations from September 2004 to October 2007, according to the complaint.
The ratings firm, a unit of publishing group McGraw Hill Companies, said the Civil Division of the ( US Department of Justice will file a civil complaint against it focusing on ratings the agency assigned to collateralized debt obligations in 2007.
collateralized debt obligations, optimal patent design, and predicting volatile consumer markets.
According to the lawsuit, the bank failed to write down collateralized debt obligations, many of which were tied to subprime mortgages, and instead hid the risky assets in separate entities within the organization.

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