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Companion Collateralized Mortgage Obliga...
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Companion Collateralized Mortgage Obligation
A volatile CMO
tranche
that, for example, gets principal first or interest last to stabilize the cash flows to other tranches. Also called
Support Collateralized Mortgage Obligation
. See also
Interest Only (IO) Obligation
,
Principal Only (PO) Obligation
,
Support (SUP) Bond
.
Glossary
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