Collateralized Loan Obligation

An asset-backed security backed by the receivables on loans. Banks package and sell their receivables on loans to investors in order to reduce the risk coming from loan defaults. Returns on CLOs are paid in tranches; that is, the individual loans backing a CLO have different maturities, and investors are paid out as each matures. Banks offer higher interest rates to investors willing to buy CLOs backed by higher-risk loans. From a bank's perspective, in addition to reducing risk, CLOs also reduce their capital requirements by raising funds through the issue of CLOs. See also: Collateralized mortgage obligation.

computerized loan origination (CLO)

A computerized network of major lenders that uses artificial intelligence to evaluate loan application data entered online by agents and determine loan eligibility and terms.HUD has approved the procedure as long as there is full disclosure of the fee,multiple lenders are displayed on the screen to give borrowers freedom of choice,and the fee charged is a dollar amount rather than a percentage of the loan.

CLO

Acronym	Definition
CLO➣Chief Learning Officer
CLO➣Clothing
CLO➣Cornell Laboratory of Ornithology
CLO➣Commercial Loan Origination
CLO➣Cornell Lab of Ornithology (Cornell University; New York)
CLO➣Collateralized Loan Obligation
CLO➣Hypochlorite
CLO➣Color Light Output (projectors)
CLO➣Chlorine Monoxide
CLO➣Cello
CLO➣Contact Loved Ones
CLO➣Control Local Oscillator
CLO➣Cod Liver Oil
CLO➣Chief Legal Officer (corporate title)
CLO➣Civic Light Opera (Pittsburgh, Pennsylvania)
CLO➣Commissariat aux Langues Officielles (Office of the Commissioner of Official Languages - Canada)
CLO➣Clarified Oil (fuel)
CLO➣Court Liaison Officer (various locations)
CLO➣Central Legal Office (National Health Service; UK)
CLO➣Compost-Like Output
CLO➣Community Liaison Office
CLO➣Cyclotol
CLO➣Civil Liberties Organization
CLO➣Chief Logistics Officer
CLO➣Community Legal Outreach (Berkeley, CA)
CLO➣Community Living Opportunities (Lawrence, KS)
CLO➣Cali, Colombia - Alfonso Bonilla Aragon (Airport Code)
CLO➣Continental Liaison Office
CLO➣Community Living Ontario
CLO➣Customer Landscape Owner
CLO➣Crude Lignin Oil (biomass)
CLO➣Certified Leasing Officer (Real Estate Institute of Canada accreditation)
CLO➣Customer Liaison Officer (business)
CLO➣Collegiate Living Organization
CLO➣Control Link Oscillator
CLO➣columnar-lined oesophagus
CLO➣Campylobacter-Like Organism Test (rapid urease test for Helicobacter pylori infection)
CLO➣Cryptographic Log On
CLO➣Chief Loan Officer (finance; various companies)
CLO➣Congressional Liaison Officer
CLO➣Centrum Landbouwkundig Onderzoek (Dutch: Agricultural Research Center; Belgium)
CLO➣Culture Loisirs Orvault (French recreation center)
CLO➣Contingency Liaison Officer
CLO➣Cross-Layer Optimizer
CLO➣Constant Level Oiler
CLO➣Certified Local Ombudsman
CLO➣Civil Liaison Officer
CLO➣Chief Linguistics Officer (yourDictionary.com)
CLO➣Chris Lawrence Online
CLO➣Commercial Light Oil
CLO➣Thermal Insulation of Clothes (unit of measure)
CLO➣Calibrated Lumpy Ore (mining)