Collateralized Debt Obligation definition

Collateralized Debt Obligation. (“CDO”) means a type of Securitized Product backed by fixed-income assets (such as bonds, receivables on loans, or other debt) or derivatives of these fixed-income assets, structured in multiple classes or tranches with each class or tranche entitled to receive distributions of principal and/or interest in accordance with the require- ments adopted for the specific class or tranche. A CDO includes, but is not limited to, a collater- alized loan obligation and a collateralized bond obligation.
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Collateralized Debt Obligation or “Collateralized Loan Obligation” means an offering, by a special purpose entity, of interests in secured debt obligations, and other investments permitted under the organizational and operating documents of such entity, which interests are sold to third party investors.
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Collateralized Debt Obligation or "CDO" means a structured credit security issued by an SPV created to apportion the risk return characteristics of a pool of underlying assets consisting of debt obligations, typically non-Investment Grade Loans and/or Non-Investment Grade Bonds. A CDO is a type of Asset-Backed Security.
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More Definitions of Collateralized Debt Obligation

Collateralized Debt Obligation means any bond, note, or other obligation of the Authority payable from or backed by the Pledged Revenues, including Refinancing Bonds.
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Collateralized Debt Obligation. (“CDO”) means a type of Securitized Product backed by fixed-income assets (such as bonds, receivables on loans, or other debt) or derivatives of these fixed-income assets, structured in multiple classes or tranches with each class or tranche entitled to receive distributions of principal and/or
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Related to Collateralized Debt Obligation

  • debt obligation means a public security, as defined by Government Code 1201.002, secured by and payable from ad valorem taxes. The term does not include public securities that are designated as self-supporting by the political subdivision issuing the securities. Gov’t Code 1251.051(1)

  • Debt Obligations means any debt obligations issued or guaranteed by the Government of Japan.

  • Net Obligation means the amount owed to PJMSettlement and PJM for purchases from the PJM Markets, Transmission Service, (under Tariff, Parts II and III , and other services pursuant to the Agreements, after applying a deduction for amounts owed to a Participant by PJMSettlement as it pertains to monthly market activity and services. Should other markets be formed such that Participants may incur future Obligations in those markets, then the aggregate amount of those Obligations will also be added to the Net Obligation.

  • Cross-Collateralized Group Any group of Mortgage Loans that are cross-collateralized and cross-defaulted with each other; provided that a Mortgage Loan shall be part of a Cross-Collateralized Group only if and for so long as such Mortgage Loan is cross-collateralized and cross-defaulted with each other Mortgage Loan in such Cross-Collateralized Group. There are no Cross-Collateralized Groups included as assets of the Trust as of the Closing Date.

  • Cross-Collateralized Mortgage Loan Any Mortgage Loan, that is, by its terms, cross-defaulted and cross-collateralized with any other Mortgage Loan; provided that the Mortgage Loans that are part of any Loan Combination shall not constitute Cross-Collateralized Mortgage Loans.