LEHMAN BROTHERS
A worldwide financial services firm that was once considered as one of the significant players in the global banking and financial services industries. Specializing in investment and financial services, it declared bankruptcy in 2008, following the financial crisis on the same year. The company experienced a catastrophic collapse, caused by subprime mortgage exposure, negative rumors and alleged short selling in the market. The downfall also marked the start of the public’s awareness of the upcoming credit crisis and recession in the late 2000s. Henry Lehman, Emmanuel Lehman, and Mayer Lehman established Lehman Brothers in 1850.
POPULAR TERMS
Specific-Shares Method
Specific-shares method is a personal financial accounting whose purpose is to cut down realized capital gains for multiple stock or mutual fund pur ...
Voting Trust Certificate
Voting Trust Certificate is a document issued by the limited-life trust of a corporation, which is created to limit the control of a corporation to ...
Sample Selection Bias
Sample Selection Bias is a type of bias resulting from the selection of non-random data meant for statistical analysis.
Combined Loan to Value Ratio - CLTV Ratio
Ratio determining the default risk of a potential homebuyer if he would purchase a home using multiple mortgages. In general, creditors are willing ...
Contagion
Possibility a significant economic changes in a country will spread to other nations. It pertains to the spread of either an economic boom or econo ...
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