{"iri":"https://spec.edmcouncil.org/fibo/ontology/SEC/Debt/CollateralizedDebtObligations/CashflowCDO","label":"cashflow c d o","definition":"A cash-flow CDO is analogous to a CMO. Cash flows from collateral are used to pay principal and interest to investors. If such cash flows prove inadequate, principal and interest is paid to tranches according to seniority. At any point in time, all immediate obligations to a given tranch are met before any payments are made to less senior tranches.","license":"https://spdx.org/licenses/MIT","source":"fibo","source_url":"https://spec.edmcouncil.org/fibo/"}