CMBS

Refers to Commercial Mortgage Backed Securities. These securities are verisimilar to Mortgage Backed Securities in terms of structure, flexibility, and variety of tranches or tiers. The key difference is that CMBS are collateralized by commercial properties and not residential mortgages.
Found on http://www.oasismanagement.com/glossary/

CMBS

Refers to Commercial Mortgage Backed Securities. These securities are verisimilar to Mortgage Backed Securities in terms of structure, flexibility, and variety of tranches or tiers. The key difference is that CMBS are collateralized by commercial properties and not residential mortgages.
Found on http://www.oasismanagement.com/glossary/
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