vulture fund
Word Rarity
Rare
Frequency: Zipf frequency 3.17 in modern English
18
Scrabble Score
11
Letters
3
Syllables
9
Unique Chars
Meaning
noun
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.
Derogatory
Example Sentences
- "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."