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.

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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