What does CLO mean in Housing?

This page is about the meanings of the acronym/abbreviation/shorthand CLO in the Community field in general and in the Housing terminology in particular.

Collateralized Loan Obligation

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What does CLO mean?

collateralized loan obligation(Noun)
a form of securitization where payments from multiple middle sized and large business loans are pooled together and passed on to different classes of owners in various tranches

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"CLO." Abbreviations.com. STANDS4 LLC, 2016. Web. 24 Aug. 2016. <http://www.abbreviations.com/term/277299>.