Series 26: Collateralized Mortgage Obligation (CMO)

Taken from our Series 26 - Investment Company Products/Variable Contract Limited Principal Exam

Definition of the term Collateralized Mortgage Obligation (CMO)...

a debt instrument backed by a pool of mortgage-backed securities or mortgage loans that is structured into several classes of bondholder, each with its own interest rate and term.

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Series 26: Collateralized Mortgage Obligation (CMO)

Taken from our Series 26 - Investment Company Products/Variable Contract Limited Principal Exam

Definition of the term Collateralized Mortgage Obligation (CMO)...

Since you're reading about Series 26: Collateralized Mortgage Obligation (CMO), you might also be interested in:

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