Real Estate Terminology

Real Estate New Terms

collateralized bond obligation (CBO)

A form of collateralized debt obligation (CDO) that backed by a portfolio of bonds. The bonds may be secured or unsecured, issued by corporations or sovereign obligors and may be senior or junior. The CDOs may comprise a particular group of bonds or may be any combination thereof. The CDO may even include direct loans.

Terms in bold are defined elsewhere in the Encyclopedia

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