Collateralized Bond Obligation
Definition
CBO. An investment-grade bond backed by a large, diversified pool of junk bonds. Usually broken down into tiers with varying degrees of risk and varying interest rates.
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Related Terms
Collaterized Loan Obligation
'Collateralized Bond Obligation
' appears in the definitions of these terms on BusinessDictionary.com
collateralized loan obligation (CLO), collateralized mortgaged obligation (CMO)
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