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Q. What do you mean by Collateralized Mortgage Obligation?
Collateralized Mortgage Obligation (CMO) - SECURITY whose cash flows equal the difference between cash flows of collateralizing ASSETS and collateralized obligations of a securitized TRUST. Characteristics of CMO residuals differ greatly and can be extremely complex in nature.
Assume that you have been consistently impressed by David and Tom Gardner of The Motley Fool since you first heard of their rather improbable rise to prominence in financial circ
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