collateralized debt obligation
Britishnoun
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Q: Can you explain, in 25 words, what a synthetic collateralized debt obligation is?
From Washington Post ● Dec. 22, 2015
Fearing that a housing crash was nearing, Goldman bundled its worst mortgage bonds into a synthetic collateralized debt obligation — the kind of security the financial media would later label as “toxic mortgages.”
From New York Times ● Dec. 19, 2013
The SEC also said Tourre misled ACA Capital Holdings, the company brought in to select assets linked to Abacus, into believing Paulson would be an equity investor in the $2 billion synthetic collateralized debt obligation offering.
From Washington Post ● Jul. 30, 2013
The deal at issue in the Tourre case, a synthetic collateralized debt obligation, or CDO, cost investors $1 billion but allowed Paulson & Co., a Goldman Sachs client, to profit, according to the SEC.
From The Wall Street Journal ● Jul. 18, 2013
In the process, Goldman Sachs created a security so opaque and complex that it would remain forever misunderstood by investors and rating agencies: the synthetic subprime mortgage bond–backed CDO, or collateralized debt obligation.
From "The Big Short" by Michael Lewis
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
