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Collateralized mortgage obligations (CMOs) offset some of the problems associated with traditional mortgage pass-throughs because
Smelling
The act or process of perceiving odors or scents through the nose.
Diffusion
The process by which molecules move from an area of higher concentration to an area of lower concentration.
Oxygen
A chemical element with symbol O and atomic number 8, essential for most life forms on Earth as part of the process of respiration.
Carbon Dioxide
A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is absorbed by plants in photosynthesis.
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