noun
collateralized debt obligation; CDO
A structured financial product backed by a pool of loans and other assets. Used in banking and investment contexts.
金融危機の際、債務担保証券の価値が急落した。
During the financial crisis, the value of collateralized debt obligations plummeted.
このファンドは債務担保証券に投資している。
This fund invests in collateralized debt obligations.
資産担保証券 (asset-backed security, ABS) is a broader category; 債務担保証券 (CDO) is a specific type of ABS backed by debt obligations.
Compound of 債務 (debt), 担保 (collateral), and 証券 (security). A direct translation of the English financial term 'collateralized debt obligation'.