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vulture fund
vul·ture fund (plural vul·ture funds)


noun 
Definition:
 
fund exploiting financial distress: a mutual fund that invests in properties and securities available cheaply because of the financial distress of the owners
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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