vulture fund
nounDefinitions
A hedge fund or private equity fund that invests in debt considered to be very weak or in…
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.
- This chapter discusses current official initiatives designed to curb vulture fund litigation and proposes a rethinking of the doctrine of sovereign immunity as a key measure to curb the predatory behaviour of vulture funds.
The neighborhood
Vish — recursive loop
No curated loop yet for vulture fund. Loops are being traced one word at a time while the ingestion pipeline matures.
sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA