Super Finance Glossary
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Searched for Collateralized Loan Obligation
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Collateralized Loan Obligation (CLO)
Definition: A security backed by a pool of commercial or personal loans , structured so that there are several classes of bondholders with varying maturities, called tranches. Similar in structure to Collateralized Mortgage Obligations.
Definition: A security backed by a pool of commercial or personal loans , structured so that there are several classes of bondholders with varying maturities, called tranches. Similar in structure to Collateralized Mortgage Obligations.
