Phrase guide
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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.
Definition source: English Wiktionary via Wiktextract
Usage: derogatory
Topics: business, finance
No example sentence was provided for this meaning.
Synonyms: none provided
Antonyms: none provided
History
No etymology was provided for this word.
Across languages
10 source translations are retained for this English entry.
