
Glossary
BankingCollateralised Loan Obligation (CLO)
A CLO is an investment vehicle that funds the acquisition of portfolios of leveraged loans by issuing tranches of debt representing risk positions in the structure. Similar to CDOs and ABS/MBS.
Collateralised Loan Obligation (CLO)
A CLO is an investment vehicle that funds the acquisition of portfolios of leveraged loans by issuing tranches of debt representing risk positions in the structure. Similar to CDOs and ABS/MBS.