Collateralized Debt Obligation (CDO)
Back to Finance Glossary | Previous PageA collateralized debt obligation, or CDO, is a general term that describes debt securities which are backed by pools of other assets.
Collateralized debt obligations include collateralized bond obligations, collateralized loan obligations and collateralized mortgage obligations.
CDOs became infamous during the housing market crash and financial crisis of 2007 and 2008. The use of CDOs in the secondary mortgage market is often sited as one of the reasons the housing market became so inflated.
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June 08, 2010 | Carl Smith
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