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Simple English definitions for legal terms

vulture fund

Read a random definition: American rule

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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Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
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