Collateralized Mortgage Obligation - Law Dictionary Search Results
collateralized mortgage obligation
collateralized mortgage obligation : a bond collateralized by a pool of mortgage obligations
bond
to take care of a particular financial need see also collateralized mortgage obligation accrual bond : a bond that is usually the last … a bond that is usually the last tranche of a collateralized mortgage obligation and from which no payments of principal or interest are
security
of mortgage obligations guaranteed by a federal government agency compare collateralized mortgage obligation, remic registered security 1 : a security (as a registered
REMIC
as a vehicle for investment in mortgage obligations and esp. collateralized mortgage obligations and receives favorable tax treatment by restricting its own … trust) that functions as a vehicle for investment in mortgage obligations and esp. collateralized mortgage obligations and receives favorable tax treatment
obligation
debt security (as a corporate or government bond) see also collateralized mortgage obligation 3 : what one is obligated to do, satisfy, or
CMO
CMO : collateralized mortgage obligation
note
a hearing : a note containing a confession of judgment collateral note : a note secured esp. by a collateral mortgage … esp. by a collateral mortgage and pledged to secure an obligation of which a hand note usually serves as evidence demand
mortgage
(as an airplane) compare pledge security interest 2 at interest collateral mortgage in the civil law of Louisiana : a mortgage … of title to property that is given to secure an obligation (as a debt) and that is defeated upon payment or
pledge
obligation ;broadly : the perfection of a security interest in collateral through possession of the collateral by a creditor or other … delivery ;broadly : a security interest in collateral compare chattel mortgage at mortgage b : a contract under which the delivery
interest
1 : the security interest held by the seller of collateral to secure payment of all or part of the price … or performance of an obligation [the security interest of a mortgagee in the mortgaged property] ;also : lien NOTE: While a
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