CMO RESIDUAL Definition

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 CMO RESIDUAL is the residual is the cash flow remaining on each payment date after all payments on the CMO tranches have been made. The primary source of the residual is cash generated by the collateral that is greater than the payments due on the CMO tranches.

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RECOGNIZE or RECOGNITION is the recording of a revenue or expense item in a given accounting period.

C&C can mean: Cash and Carry or Collection & Classification.

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