collateralized loan obligation

English

Noun

collateralized loan obligation (plural collateralized loan obligations) (abbreviated CLO)

  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
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.