collateralized loan obligation

English

Noun

collateralized loan obligation (plural collateralized loan obligations)

  1. (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
This article is issued from Wiktionary. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.