Cryptocurrency Q&A
What does clo stand for?
What does clo stand for?
Martino
Wed Nov 20 2024
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7 answers
1249
I came across a term 'clo' in some financial documents and I'm not sure what it means. I want to know the full form or the meaning of 'clo' to better understand the context.
7 answers
GangnamGlamour
Fri Nov 22 2024
A CLO, an acronym for collateralized loan obligation, represents a specific type of financial instrument.
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SakuraFestival
Fri Nov 22 2024
This instrument is classified as a debt security, which means it involves borrowing and lending activities.
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CryptoLegend
Fri Nov 22 2024
The unique feature of a CLO lies in its backing. Unlike traditional debt securities, it is not supported by a single asset or a group of related assets.
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Ilaria
Thu Nov 21 2024
Instead, a CLO is backed by a diversified pool of debt. This pool can include various types of loans, such as corporate loans, leveraged loans, and other forms of debt obligations.
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GwanghwamunGuardianAngel
Thu Nov 21 2024
The pool of debt serves as collateral for the CLO. This means that in the event of default or non-payment, the investors in the CLO have the right to seize and liquidate the underlying debt assets to recover their investments.
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