CDO cubed

Noun

CDO-cubed (plural CDO-cubeds)

1. A type of CDO (collateralized debt obligation) that invests in CDO-squareds.
   • Given the number of CDO Squared transactions in the marketplace, and the continued narrowing of corporate spreads, the emergence of CDO Cubed could be regarded as almost inevitable.2005, Jan Job de Vries Robbé, Paul U. Ali, Securitisation of Derivatives and Alternative Asset Classes: Yearbook 2005, Kluwer Law International, page 41