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Stands for: 1. Coochie Doing Overtime: describes the situation a hooker or [prostitute] has when she booked too many johns for the same time / pussy slot, resulting in a gang bang or [double penetration] at minimum. Often happens on Friday & Saturday nights. 2. Collateralized Debt [Obligation]: a security made of mortgages that pays the CDO owner based on mortgage payments.
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