Collateralized Debt Obligation Definition
kə-lătər-ə-līzd
noun
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
Other Word Forms of Collateralized Debt Obligation
Noun
Singular:
collateralized debt obligation
Plural:
collateralized-debt-obligations
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