collateralized loan obligations
definition: 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: international finance
type: Concept

international finance
type: Concept
narrower: collateralized loan obligations

concepts
type: Collection
type: ConceptGroup
member: collateralized loan obligations