A fund that buys distressed debt of commercial companies or sovereign nations at a cheap price and then often sues them for the entire value of the debt. The resemblance to vultures is because these funds profit from the debt of failing companies or poor nations.
Create your Watchlist to save your favorite quotes on Nasdaq.com. Log in or create a free account to get started.
/
Edit My Quotes
Edit My European Quotes
Edit Watchlist
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
Cookie Policy