Collateralized Mortgage Obligation - Law Dictionary Search Results
collateralized mortgage obligation
Matched in: Term collateralized mortgage obligation
CMO
CMO : collateralized mortgage obligation
bond
a lien on property and is often designed to take care of a particular financial need see also collateralized mortgage obligation accrual bond : a bond that is usually the last tranche of a collateralized mortgage obligation and from … see also collateralized mortgage obligation accrual bond : a bond that is usually the last tranche of a collateralized mortgage obligation and from which no payments of principal or interest are made until the earlier tranches are paid in
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mortgage
Matched in: Term mortgage
security
investor ;esp : one based on a pool of mortgage obligations guaranteed by a federal government agency compare collateralized mortgage obligation, remic registered security 1 : a security (as a registered bond) whose owner is registered on the books
REMIC
(as a corporation, partnership, or trust) that functions as a vehicle for investment in mortgage obligations and esp. collateralized mortgage obligations and receives favorable tax treatment by restricting its own investment to the maintenance of cash flow and … : an entity (as a corporation, partnership, or trust) that functions as a vehicle for investment in mortgage obligations and esp. collateralized mortgage obligations and receives favorable tax treatment by restricting its own investment to the maintenance
obligation
Matched in: Term obligation
note
judgment against him or her without notice or a hearing : a note containing a confession of judgment collateral note : a note secured esp. by a collateral mortgage and pledged to secure an obligation of which
pledge
property as security for a debt or other obligation ;broadly : the perfection of a security interest in collateral through possession of the collateral by a creditor or other promisee 2 a : property and esp. personal … property that is used as security esp. upon delivery ;broadly : a security interest in collateral compare chattel mortgage at mortgage b : a contract under which the delivery of property (as personal property) as security takes
interest
that exists by contract as security for payment or performance of an obligation [the security interest of a mortgagee in the mortgaged property] ;also : lien NOTE: While a lien may be created by statutory or judicial … an easement does not. purchase money security interest 1 : the security interest held by the seller of collateral to secure payment of all or part of the price 2 : the security interest of a person
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