collateralized mortgage obligation

collateralized mortgage obligation. Securities. A bond secured by a group of mortgage obligations or pass-through securities and paid according to the payment schedule of its class (or tranche). • CMOs are issued by the Federal Home Loan Mortgage Corporation, and benefit from predictable payments of interest and principal. — Abbr. CMO. See pass-through security under SECURITY; TRANCHE.

---

词条贡献者

译员Shifang，毕业于国内一流的高级翻译学院，专注翻译各种与员工福利与高管薪酬有关的法律文件。