Repo 105
id:
repo-105-170-16427305
title:
Repo 105
text:
Repo 105 is Lehman Brothers' name for an accounting maneuver that it used where a short-term repurchase agreement is classified as a sale. The cash obtained through this "sale" is then used to pay down debt, allowing the company to appear to reduce its leverage by temporarily paying down liabilities—just long enough to reflect on the company's published balance sheet. After the company's financial reports are published, the company borrows cash and repurchases its original assets.
brand slug:
wiki
category slug:
encyclopedia
description:
Accounting maneuver used by Lehman Brothers
original url:
https://en.wikipedia.org/wiki/Repo_105
date created:
2010-03-12T21:23:12Z
date modified:
2024-09-01T02:06:41Z
main entity:
{"identifier":"Q7314095","url":"https://www.wikidata.org/entity/Q7314095"}
image:
fields total:
13
integrity:
15