collateralized debt obligation

British  

noun

1.  CDO.  a debt security collateralized by a number of debt obligations including loans and bonds of different credit quality and maturity

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Example Sentences

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 Literature

“The readers of Grant’s have seen for themselves how a stack of non-investment grade mortgage slices can be rearranged to form a collateralized debt obligation,” one piece began.

From Literature

How do you explain to an innocent citizen of the free world the importance of a credit default swap on a double-A tranche of a subprime-backed collateralized debt obligation?

From Literature

But one financial instrument that, according to Partnoy, has become problematic is what is known as a CLO or "collateralized loan obligation" — not to be confused with a CDO or collateralized debt obligation.

From Salon

Michael Lewis has used it to make nonspecialist readers not just pick up but tear through books about baseball talent scouting, collateralized debt obligation and the intricacies of government bureaucracy.

From New York Times