collateralized debt obligation

Definition of "collateralized debt obligation"
  1. A financial instrument that is secured by a collection of diverse securities which typically exclude mortgages
How to use "collateralized debt obligation" in a sentence
  1. The collateralized debt obligation was a part of their investment portfolio.
  2. Investors were concerned about the risks involved in collateralized debt obligations.
  3. The bank sold collateralized debt obligations to its clients.
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