 Lehman
ABS Corp is a type of asset-backed security that is backed by a pool
of assets such as mortgages, auto loans, credit card receivables, and
other consumer loans. These securities are designed to provide
investors with exposure to the cash flows generated by the underlying
assets, and they are typically divided into different classes or
tranches that have varying levels of risk and return.
It's
worth noting that Lehman Brothers Holdings Inc. filed for bankruptcy
in September 2008, and as a result, the Lehman ABS Corp securities
were affected by the bankruptcy. The performance and value of these
securities may have been impacted by the bankruptcy and subsequent
restructuring of Lehman Brothers.
It's important to understand
that investing in asset-backed securities like Lehman ABS Corp carries
a certain level of risk, as the value and cash flows of these
securities can be affected by a variety of factors, including changes
in interest rates, defaults on the underlying assets, and changes in
the creditworthiness of the borrowers. Investors should carefully
consider the risks and potential returns before investing in these
securities.
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