collateralized debt obligation
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Related to collateralized debt obligation: Credit default swap, Securitization, Collateralized loan obligation, Asset backed securities
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