Collateralized Debt Obligation - CDO

An investment-grade security backed by a pool of bonds, loans, and other assets. CDOs do not specialize in one type of debt.


Similar in structure to a Collateralized mortgage obligation (CMO) or Collateralized bond obligation (CBO), but unique in that CDOs represent different types of debt and credit risk.



MayerBrown.com - A comprehensive list of articles and papers on CDOs and how they work.
Related Terms

Bond

Collateralized Mortgage Obligation (CMO)

Investment Grade

Junk Bond

Structured Finance

Synthetic CDO

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