collateralized loan obligation

Definition of "collateralized loan obligation"
  1. A financial tool that is secured by a collection of business loans
How to use "collateralized loan obligation" in a sentence
  1. The bank issued a collateralized loan obligation to ensure its business loans portfolio remained profitable.
  2. His financial advisor recommended purchasing a collateralized loan obligation to diversify his investment portfolio.
  3. The risk associated with the collateralized loan obligation was determined by the quality of the underlying business loans.
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