CBO


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CBO

CBO

1. Collateralized Bond Obligation. An asset-backed security backed by the receivables on junk bonds. Issuers of CBOs package and sell their receivables on bonds they hold to investors in order to reduce the risk coming from defaults. Returns on CBOs are lower risk than the individual bonds backing them. This is because it is unlikely that all or even most of the junk bonds will default. This makes the collateralized bond obligations investment grade and therefore banks are allowed to invest in them. See also: Collateralized Loan Obligation, Collateralized Mortgage Obligation.

2. Congressional Budget Office. An agency of the United States Congress that provides the Congress with economic data. Among other duties, it calculates the national debt and the impact that individual bills and the budget generally have on the federal deficit. It was created in 1974; its director is appointed jointly by the Speaker of the House and the President pro tempore of the Senate.
References in periodicals archive ?
The CBO, after all, has never had any faith in market reforms of our health care system.
The CBO is a form of asset-backed security which pools bonds of lower quality and issues multiple tranches of securities.
The collateral manager will purchase all investments for the portfolio on behalf of C-BASS CBO XVI Ltd.
CBO Executive President said that the meeting also discussed frameworks of cooperation with UNSD on exchanging statistic and banking information between the two sides.
The rating action reflects Fitch's current views of the distressed assets in the Prudential STF CBO Collateral Pool.
Thus, the CBO becomes the first among GCC central banks to obtain ISO 9001:2008 Certification after auditing made by the concerned company of the CBO Currency Department against the requirements of ISO 9001:2008 standards.
He added that CBO recently issued a decision establishing a Higher Committee for Monetary Stability and issuing its regulatory bylaw.
The Board also reviewed the actions taken by the CBO and commercial Banks operating in the Sultanate with regard to the financing of Small and Medium Enterprises (SMEs).
744 fails to stem a larger portion of illegal immigration, CBO projects that nearly 5 million new illegal immigrants and their children will be living in the United States 10 years after the bill passes.
Relative to our most recent baseline projections for commodity prices, land conservation, and nutrition spending, CBO expects that those legislative proposals (as modified to account for a later enactment) would reduce future spending relative to continuing current policies, but the reduction would be significantly smaller than we estimated in 2012," according to a letter from CBO to the chairmen of the Senate and House Agriculture committees, Sen.
Office-based physicians in particular may see no benefit if they purchase [an electronic health record]--and may even suffer financial harm," the CBO report said.
Very limited work has assessed the perception that a CBO has of university personnel who complete SL experiences within their contexts.