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LSDefine

Simple English definitions for legal terms

vulture fund

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A quick definition of vulture fund:

A vulture fund is a type of investment company that buys companies that are bankrupt or in financial trouble. The goal is to reorganize the company and sell it for a profit. It's like buying a broken toy, fixing it, and selling it for more money.

A more thorough explanation:

A vulture fund is an investment company that buys the debt of struggling companies or countries at a low price and then tries to make a profit by collecting the full amount owed or by reselling the debt to another investor. They are called vulture funds because they swoop in to take advantage of the financial distress of others.

For example, let's say a company is struggling and owes $100 million in debt. A vulture fund may buy that debt for only $20 million. They will then try to collect the full $100 million from the struggling company or sell the debt to another investor for a profit.

Vulture funds are controversial because they often use aggressive tactics to collect the debt, such as suing the struggling company or country. Critics argue that this can harm the economy and the people who rely on the struggling company or country.

vulnerable adult | wasted vote

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lilypadfrog
14:03
yeah you can request an extension. usually it’s like a week though
14:03
i need tips for not falling asleep at work
drugs
14:03
can we talk about something interesting like i dont know drugs sex death
ReminiscentZestyFish
14:04
Everyone admitted to penn looks like above medians
14:04
time to harass glove on linkedin
lilypadfrog
14:06
that’s a good way to stay awake. tell him to come back here
14:08
lily i broke a rubber band already
14:08
le sigh
lilypadfrog
14:08
damn you get vicious with it. just pinch yourself or something
lilypadfrog
14:09
don’t break your finger
14:13
its a bum-ass law school but LSD really needs to update UCLawSF's name
14:13
whose manager can I call about that
lilypadfrog
14:14
I think the people in charge don’t come on here anymore but you can email them if you really care like that
14:14
yeah true that. Although I prefer Hastings just because it is easy to differentiate from U of SF
renard99
14:14
There's a lot on this site that doesn't work and for maybe $5k I'd be more than willing to fix it
14:14
send bid proposal Renard
renard99
14:14
But as Lilypad said it's probably just maintained atp, no major updates
14:15
fwiw all the UCLSF students I know still basically say hastings. even the huge crest in the foyer still says hastings
renard99
14:15
@llama: Man I'd be more than happy to
14:15
LSD is in decay age of social network
renard99
14:15
^LMAO yeah
renard99
14:15
Basically accepted atp that I'm gonna have to R&R so might as well take up some jobs while I'm at it
14:15
sad. imagine being here in 2005/2010 when it was 100 operational. woe is me
@llama: back when 160s meant t14
14:16
born too late to experience full LSD born too soon to explore the galaxy
14:16
^ gets it
lilypadfrog
14:16
https://www.lsd.law/users/creep/cryptanon this is one of the guys who made the website
14:16
@lilypadfrog: wow more recent than i would have wagered
14:17
how is it so that I creep a rando and their app year is 2005-2005?
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