vulture fund

/V AH1 L CH ER0 F AH0 N D/
noun
  1. 1

    A hedge fund or private equity fund that invests in debt considered to be very weak or in imminent default. Investors profit by buying debt at a discounted price on a secondary market and then suing the debtor for a larger amount than the purchasing price.

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Source: https://en.wiktionary.org/wiki/vulture%20fund

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