0 abbreviation for collateralized mortgage obligations: a group of home loans that are put together to make new bonds to sell. The payments on the home loans are used to pay the interest on the new bonds: --
CMOs are secured on real property, but if property prices fall and borrowers can't repay, there are consequences for the whole economy.
NYA ORD
European
May 10, 2021
DAGENS ORD
Shimmer
CMOs