zhài​wù​dān​bǎo​zhèng​quàn

collateralized debt obligation

  1. debt
    the specific amount of money or credit owed; indebtedness
  2. to guarantee
    to guarantee; to vouch for; to take full responsibility for ensuring that something will happen or that no problems will occur
  3. securities
    Negotiable financial instruments or certificates that have monetary value, such as stocks and bonds.