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French to English translations [PRO]
Bus/Financial - Accounting | | French term or phrase: CMO | This appears several times on a balance sheet:
Emprunt CMO 180,000F
Emprunt CMO Espace
C M O Informatique |
| | | Collateralized Mortgage Obligation - CMO | Explanation:
Collateralized Mortgage Obligation - CMO
A type of mortgage backed security that creates separate pools of pass-through rates for different classes of bondholders with varying maturities, called tranches. The repayments from the pool of pass-through securities are used to retire the bonds in the order specified by the bonds prospectus.
CMOs usually offer low returns because they are very low risk and sometimes backed by government securities
http://www.investopedia.com/terms/c/cmo.asp
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... à moins que nous soyons tous dans le pré et que cela tienne pour CMO = Crédit Mutuel Océan qui serait l'insititution prêteuse ;o) |
| Selected response from:
 Martine Brault
Canada
Local time: 11:43
| Grading comment Thanks - am now pretty sure it stands for Crédit Mutuel Océan
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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5 mins confidence:  
14 hrs confidence:
2 days4 hrs confidence: Employee Health Plan (if context fits)
Explanation:
"La Caisse de Maladie des Ouvriers" in Europe is CMO. Plug into internet and any number of sites will pop up.
| 234561
Local time: 11:43
Works in field
Native speaker of: English
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