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when i was born so on July 30 1997

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when i was born so on July 30 1997

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Khan Academy online gives great tutorials, videos and overviews of topics including collateralized debt obligation. This website will walk you through everything you need to know about this topic.

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Collateralized loan obligations occur when loans to several companies are polled/lumped together and passed on as an instrument. They function to minimize loss with "good" loans lumped with "bad" to make for a more balanced product.

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The obligation of a cosigner is discharged by a borrower securing a loan to the satisfaction of the creditor. Paying off a loan will also discharge the obligation of a cosigner.

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Formally it means Collateralized Debt Obligation.

This is also an acronym associated with a joke about OCD. The base joke goes, "I am not OCD, I am CDO. It is in alphabetical order."

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