{"iri":"https://folio.openlegalstandard.org/R1GBRcO79LXpE6nmo7BUgp","label":"Collateralized Loan Obligation","sub_class_of":["https://folio.openlegalstandard.org/R7p3ZBGzc1BxDrCwYJnsTo"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"Collateralized Debt Obligation","alternative_labels":["CDO","CLO"],"translations":{},"hidden_label":null,"definition":"A CLO is a type of structured finance instrument backed by a pool of loans. These loans are bundled together and then sliced into tranches with varying degrees of risk and reward, which are then sold to investors.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}