collateralized debt obligation

noun

1. a debt security collateralized by a number of debt obligations including loans and bonds of different credit quality and maturity CDO

Example Sentences

But one financial instrument that, according to Partnoy, has become problematic is what is known as a CLO or "collateralized loan obligation" — not to be confused with a CDO or collateralized debt obligation.

From Salon

Michael Lewis has used it to make nonspecialist readers not just pick up but tear through books about baseball talent scouting, collateralized debt obligation and the intricacies of government bureaucracy.

From New York Times

Those mortgages were securitized, pooled together in CDOs, “collateralized debt obligation” funds that issued small slices of equity leveraged with huge debt tranches backed by pools of mortgages.

From Wall Street Journal

In completely unrelated news, I’d like to use this space to announce that I will soon be issuing a brand new collateralized debt obligation backed by loans from my brand new payday loan company, which is itself funded by profits from my brand new for-profit online diploma mill.

From Slate

Chau was accused of concealing how he had let a hedge fund choose assets to back Octans I CDO Ltd, a collateralized debt obligation it eventually shorted, and whose April 2008 failure stuck investors with roughly $1.1 billion of losses.

From Reuters