calamity call


A Collateralized Mortgage Obligation (CMO) clause that limits reinvestment risk to the issuer. A portion of the CMO is retired if there is not enough cash flow to make the payments scheduled for interest and principle. Also called clean-up call.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
caisse populaire calculated risk