collateralized debt obligation
a debt security collateralized by a number of debt obligations including loans and bonds of different credit quality and maturityAbbreviation: CDO
New law bans use of confusing words and sentences in government documents. Read the results
On October 13, 2010, President Obama signed into law the “United States Plain Writing Act of 2010.” Thirteen years after President Clinton issued his own “Plain Writing in Government” memorandum, the revised set of guidelines states that by July of this year all government agencies must simplify the often perplexing bureaucratic jargon used in documents produced for the American public. Gone are the grammatically longwinded sentences, …
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