Civil law and Collateralised Mortgage Obligation: Difference between pages
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(CMO). | |||
A Collateralised Mortgage Obligation is a type of bond. | |||
The bonds have claims to the cash flows from pools of mortgages. | |||
The CMO structure is generally divided into tranches, with each tranche having different claims, rates and maturities. | |||
The | |||
== See also == | == See also == | ||
* [[ | * [[Bond]] | ||
* [[ | * [[Collateral]] | ||
* [[ | * [[Mortgage]] | ||
Revision as of 19:58, 29 October 2016
(CMO).
A Collateralised Mortgage Obligation is a type of bond.
The bonds have claims to the cash flows from pools of mortgages.
The CMO structure is generally divided into tranches, with each tranche having different claims, rates and maturities.