"Where Everyone Has an MBA"
Tel: (612) 246-4616
Tel: (612) 246-4616
COLLATERALIZED MORTGAGE OBLIGATION (CMO) or, since 1986, as a Real Estate Mortgage Investment Conduit (REMIC). CMOs and REMICs (terms which are often used interchangeably) are similar types of securities which allow cash flows to be directed so that different classes of securities with different maturities and coupons can be created. They may be collateralized by mortgage loans as well as securitized pools of loans.
J as the fifth letter of a Nasdaq stock symbol indicates that the issue is the voting stock of the company.
TANGIBLE normally refers to assets that can be held or seen and that are capable of being appraised at an actual or approximate value (e.g. inventory, land & buildings, etc.).
Enter a term, then click the entry you would like to view.