Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

CMO

Read a random definition: venter

A quick definition of CMO:

Term: CMO

Definition: CMO stands for Collateralized Mortgage Obligation. It is a type of investment that is made up of a bunch of different mortgages. When people buy homes, they take out mortgages to pay for them. Banks then sell these mortgages to investors, who group them together to create a CMO. When you invest in a CMO, you are essentially investing in a bunch of different mortgages at once.

A more thorough explanation:

Definition: CMO is an abbreviation that can stand for two different things:

  1. Case-Management Order: This is a legal term that refers to a court order that outlines the steps and deadlines for managing a case. For example, a judge might issue a CMO in a divorce case that sets deadlines for submitting financial documents and scheduling mediation sessions.
  2. Collateralized Mortgage Obligation: This is a financial term that refers to a type of investment that is backed by a pool of mortgages. Investors buy shares in the CMO, which entitle them to a portion of the interest and principal payments made by the homeowners whose mortgages are in the pool.

Examples:

  • Example 1: The judge issued a CMO in the personal injury case, which required the parties to exchange evidence by a certain date and attend a settlement conference within 60 days.
  • Example 2: The investment firm recommended that their clients invest in a CMO that was backed by a pool of high-quality mortgages.

The examples illustrate the two different meanings of CMO. In the first example, CMO refers to a legal document that sets out the steps and deadlines for managing a case. In the second example, CMO refers to a type of investment that is backed by a pool of mortgages.

cluster zoning | CMR

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
LSD+ is ad-free, with DMs, discounts, case briefs & more.