NAF employment is considered federal employment. It is, however, different from federal civil service employment because the monies used to pay the salaries of NAF employees come from a different source. Civil service positions are paid for by money appropriated by Congress.
The genesis of the CBO (collateralized bond obligation) and CLO (collateralized. loan obligation) market occurred in the late 1980s with the repackaging of high-yield, speculative-grade bonds or loans into highly rated paper.
Chart of family office services. The term family office can refer to a family controlled investment group, and also the two major terms: single family office (SFO) or Multi-family office (MFO). The distinction is important since, despite the similar names, each provides a significantly different service. This article refers principally to single family offices, which are the predominate forms of family offices today. An SFO is a private company that manages investments and trusts for a single family.