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1
English
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1.1
Noun
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collateralized loan obligation
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From Wiktionary, the free dictionary
English
[
edit
]
English
Wikipedia
has an article on:
collateralized loan obligation
Wikipedia
Noun
[
edit
]
collateralized
loan
obligation
(
plural
collateralized loan obligations
)
(
finance
)
a form of securitization where payments from multiple middle-sized and large business loans are pooled together and passed on to different classes of owners in various
tranches
Synonym:
(
abbreviation
)
CLO
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