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Definitions of CLN:
  • noun:   (finance) Initialism of credit-linked note. [(finance) A form of funded credit derivative, structured as a security with an embedded credit default swap allowing the issuer to transfer a specific credit risk to credit investors. The issuer is not obligated to repay the debt if a specified event occurs, which eliminates a third-party insurance provider.]

(Definitions from Wiktionary)

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