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Concept information

social science subjects > business and management > international business > international finance > collateralized loan obligations
social science subjects > business and management > finance > international finance > collateralized loan obligations

Preferred term

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 concept

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URI

http://data.loterre.fr/ark:/67375/N9J-C0J6WJSZ-S

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