collateralized debt obligation(redirected from Collaterlized Loan Obligation)
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Related to Collaterlized Loan Obligation: Collateralized debt obligation
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.
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