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Old 21st Sep 2014, 17:18
  #300 (permalink)  
BlackandBrown
 
Join Date: Oct 2010
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Quite, thank you Blantoon.

The term "vulture fund" is a metaphor used to compare distressed securities funds to the fund to the behavior of vulture birds “preying” on debtors in financial distress by purchasing the now-cheap credit on a secondary market to make a large monetary gain, in many cases leaving the debtor in a worse state.
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