Vulture fund

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Notion

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Science and technology

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What Wikipedia says

A vulture fund is a hedge fund or private-equity fund that invests in debt considered to be very weak or in default, known as distressed debt. Investors in the fund profit by buying debt at a discounted price on a secondary market and then using numerous methods to sell the debt for more than the purchasing price.

Excerpt from the Wikipedia article “Vulture fund”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

Image: Elembis, Public domain, via Wikimedia Commons.