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单词 collateralized_mortgage_obligation
释义
Collateralized mortgage obligation (CMO)
A security backed by a pool of pass-through rates, structured so that there are several classes of bondholders with varying maturities, called tranches. The principal payments from the underlying pool of pass-through securities are used to retire the bonds on a priority basis as specified in the prospectus.
Related: mortgage pass-through security.
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更新时间:2025/2/23 13:04:54