Concept information
Preferred term
collateralized loan obligations
Definition(s)
- A collateralized loan obligation (CLO) is a debt security, a promissory note, with a pool of commercial loans as its collateral. The backing of the promise of the borrower to repay the loan is guaranteed by debt instruments they own. [Source: Encyclopedia of Business in Today's World; Collateralized Loan Obligations]
Broader concept(s)
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-C0J6WJSZ-S
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