Webcloaca / ( kləʊˈeɪkə) / noun plural -cae (-kiː) a cavity in the pelvic region of most vertebrates, except higher mammals, and certain invertebrates, into which the alimentary canal and … WebJan 20, 2024 · CLOs are virtual banks. Buying the equity in a CLO is like buying the stock of a bank, where the CLO/bank acquires a portfolio of loans that pay an interest rate (perhaps 5% or so), using...
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