Vulture Funds
Vulture funds prey on hapless countries that have no money for health care or basic education, let alone pay millions of dollars to foreign investors.
They often operate through shell companies in the Caribbean, buying debt securities in secondary markets for a fraction of their face value in the hope that courts will force them to recover its full value.
Commercial banks often sell debt cheaply because of the low probability of repayment.
Literal Meanings of Vulture Funds
Vulture:
Meanings of Vulture:
One of several scavengers in the families Accipitridae and Cathartidae.
Someone who takes advantage of the suffering of others.
Run like a vulture around your target.
Sentences of Vulture
Ten minutes after the accident, the vultures surfaced and conducted experiments.
Rudy turns and asks the girl out.
Synonyms of Vulture
ambulance chaser, vampire
Funds:
Meanings of Funds:
Amount or source of money.
An organization that handles such money.
A fund management operation, such as B. mutual fund.
Lots of things to learn from.
Invest (money) in a fund.
Convert debt into interest-bearing securities.
Sentences of Funds
Foundation for the support of low-income students.
A number of large funds have recently been declared bankrupt.
He drew from his vast store of knowledge.
He used his inheritance to fund his gambling addiction.
