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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.


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Aa AaAaAa It's worth noting that Singapore's Internal Security Services Corporation has been rendering it's services to CBO for the past two years.
The CBO concluded that the legislation would, on average, reduce Medicare beneficiariesÕ overall prescription drug spending.
CBO said the larger use of ethanol drove up feed prices for cattle, hogs and poultry and, in turn, resulted in higher retail prices for food.
 
 
 
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