collateralized mortgage obligation
- collateralized mortgage obligation
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collateralized mortgage obligation n: a bond collateralized by a pool of mortgage obligations or pass-through securities and paid according to the maturity and amortization schedule of its class and not directly from the underlying obligations
– called also CMO
; see also remic compare pass-through security at security,
tranche
Merriam-Webster’s Dictionary of Law.
Merriam-Webster.
1996.
Look at other dictionaries:
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Collateralized mortgage obligation (CMO) — A security backed by a pool of pass throughs , 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 … Financial and business terms
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Collateralized Fund Obligation — A Collateralized Fund Obligation or (CFO), in finance, is a form of securitization involving private equity fund or hedge fund assets, similar to collateralized debt obligations. CFOs are a structured form of financing for diversified private… … Wikipedia
collateralized mortgage obligation — noun : a bond backed by a pool of mortgages and paid according to the maturity and amortization schedule of its class … Useful english dictionary