Related Words

Cmo: Securities (a series of bonds) issued backed by mortgages.

Complementary Metal Oxide Semiconductor (CMOS): One of the two main types of image sensors used in digital cameras. Its basic function is the same as that of a CCD. CMOS sensors are currently found in only a handful of digital cameras.

Collateralized Mortgage Obligation (CMO): CMOs are fixed-income investments backed by mortgages or pools of mortgages. A conventional mortgage-backed security has a single interest rate and maturity date. In contrast, the pool of mo . . . View Full Definition

Complimentary Metal-Oxide Semiconductor (CMOS): A type of chip design that requires little power to operate. In PCs, a battery-powered CMOS memory and clock chip is used to store and maintain the clock setting and system configuration inf . . . View Full Definition

CMOS: Most commonly, CMOS refers to a battery powered chip that resides on the Motherboard and is responsible for retaining certain system information (date, time and some system setup parameters) . . . View Full Definition

CMO REIT: A statistical technique that identifies clusters of stocks whose returns are highly correlated within each cluster and relatively uncorrelated across clusters. Cluster analysis has identifie . . . View Full Definition

Projected Maturity Date: With CMOs, the date at the end of the estimated cash flow window where final payment is made.

Planned Amortization Class (PAC): (1) The class of CMO that has the most stable cash flows and the lowest prepayment risk of any class of CMO Because of a stable cash flow, it is considered the least risky CMO (2) A CMO bond . . . View Full Definition

Record Date: To be paid a stock dividend, you must own the stock on the day that the corporation's board of directors names as the record date, also known as the date of record. For example, if a company . . . View Full Definition

Targeted Repurchase: Bonds offered as a tranche class of some CMOs, according to a sinking fund schedule. They differ from PAC bonds whose amortization is guaranteed as long as prepayments on the underlying mort . . . View Full Definition