Meaning of “collateralized debt obligations” in the English Dictionary

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"collateralized debt obligations" in Business English

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collateralized debt obligationsnoun [ plural ]

uk us abbreviation CDOs

FINANCE combinations of bonds and other assets with different levels of risk that are put together to create new investments:

The company manages collateralized debt obligations, pools of assets like mortgages and other loans.

(Definition of “collateralized debt obligations” from the Cambridge Business English Dictionary © Cambridge University Press)