It stands for 'collateralized loan obligation'
Meaning,
A collateralized loan obligation (CLO) is a security backed by a pool of debt, often low-rated corporate loans.
Answer:
Option D
Explanation:
Modularity in general defines the flexibility of a system. It is the degree to which a system can be broken down into smaller segments and then rearranged or recombines into new groups. Modularity is determined for multiple disciplines each having their own drawbacks.
