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Long-Dated Forward Rate Agreement

A forward rate agreement (FRA) where the settlement date is more than one year in the future at the time…

Reference Obligation

With respect to credit derivatives (e.g., credit default swaps, CDSs), it is an underlying asset (obligation) for which a debt...

CBO

Any acronym for collateralized bond obligation; a debt security that is collateralized (i.e., backed) by various types of debt obligations...

Collateralized Bond Obligation

A debt security that is collateralized (i.e., backed) by various types of debt obligations like bonds and loans of varying...

Collateralized Debt Obligation

A debt security that is collateralized (i.e., backed) by various types of debt obligations like bonds and loans of varying...

CMO

It stands for collateralized mortgage obligation; a structured product that is backed and collateralized by a pool of mortgage loans...

Collateralized Mortgage Obligation

A structured product that is backed and collateralized by a pool of mortgage loans and similar debt arrangements. It is...

Inverse Floating Rate CMO

A collateralized mortgage obligation (CMO) that is structured as inverse floater tranches. The CMO will earn interest at rates that...

Inverse Floater CMO

A collateralized mortgage obligation (CMO) that is structured as inverse floater tranches. The CMO will earn interest at rates that...

Repudiation

An outright cancellation of all current and future external debt and equity obligations of a borrower. This constitutes a borrower's...