Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Collateralized Mortgage Obligation (CMO)

A specific class of commercial mortgage backed security issued against a pool of mortgages pass-through securities for which the cash flows have been allocated to different classes or tranches, each having a different claim against the cash flows of the pool.

Source: NCREIF | Date: 02 September 2025 | ID: D0989 | Version: 1