# Collateralized Loan Obligation

**IRI:** https://folio.openlegalstandard.org/R1GBRcO79LXpE6nmo7BUgp

## Labels

**Preferred Label:** Collateralized Debt Obligation

**Alternative Labels:**

- CDO
- CLO

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/R7p3ZBGzc1BxDrCwYJnsTo

**Deprecated:** False