Super Finance Glossary
Over 10,000 financial glossary terms...
Hint: Not sure how the word is listed? Just enter the first few letters.
Searched for Collateralized mortgage obligation
1 - Displaying next results out of 1
Collateralized Mortgage Obligation (CMO)
Definition: A security backed by a pool of pass-through rates , structured so that there are several classes of bondholders with varying maturities, called tranches. The principal payments from the underlying pool of pass-through securities are used to retire the bonds on a priority basis as specified in the prospectus. Related: mortgage pass-through security.
Definition: A security backed by a pool of pass-through rates , structured so that there are several classes of bondholders with varying maturities, called tranches. The principal payments from the underlying pool of pass-through securities are used to retire the bonds on a priority basis as specified in the prospectus. Related: mortgage pass-through security.
