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Glossary
Banking
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.
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.