Collateralized Debt Obligation definition
Collateralized Debt Obligation. (“CDO”) means a type of Securitized Product backed by fixed-income assets (such as bonds, receivables on loans, or other debt) or derivatives of these fixed-income assets, structured in multiple classes or tranches with each class or tranche entitled to receive distributions of principal and/or interest in accordance with the require- ments adopted for the specific class or tranche. A CDO includes, but is not limited to, a collater- alized loan obligation and a collateralized bond obligation.
Collateralized Debt Obligation or “Collateralized Loan Obligation” means an offering, by a special purpose entity, of interests in secured debt obligations, and other investments permitted under the organizational and operating documents of such entity, which interests are sold to third party investors.
Collateralized Debt Obligation or "CDO" means a structured credit security issued by an SPV created to apportion the risk return characteristics of a pool of underlying assets consisting of debt obligations, typically non-Investment Grade Loans and/or Non-Investment Grade Bonds. A CDO is a type of Asset-Backed Security.
More Definitions of Collateralized Debt Obligation
Collateralized Debt Obligation means any bond, note, or other obligation of the Authority payable from or backed by the Pledged Revenues, including Refinancing Bonds.
Collateralized Debt Obligation. (“CDO”) means a type of Securitized Product backed by fixed-income assets (such as bonds, receivables on loans, or other debt) or derivatives of these fixed-income assets, structured in multiple classes or tranches with each class or tranche entitled to receive distributions of principal and/or