Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
collateralize
ub. 1. To serve as collateral for <the purchased property collateralized the loan agreement>. 2. To make (a loan) secure with collateral <the creditor insisted that the loan be collateralized>. - collateralization (ka-lat-ar-al-a-zay-shan), n.
collateralized mortgage obligation
Securities. A bond secured by a group of mortgage obligations or pass-through securities and paid according to the payment schedule of its class (or tranche). CMOs are issued by the Federal Home Loan Mortgage Corporation, and benefit from predictable payments of interest and principal. - Abbr. CMO. See pass-through security under SECURITY; TRANCHE.