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CDO (plural CDOs)

  1. (finance) Initialism of collateralized debt obligation.
    • 2008, Niall Ferguson, The Ascent of Money, Penguin 2008, p. 8:
      These CDOs had been so sliced and diced that it was possible to claim that a tier of the interest payments from the original borrowers was as dependable as a stream of income on a ten-year US Treasury bond, and therefore worthy of a coveted triple-A rating.

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