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vulture fund

vulture fund
 n.— «The government says it is still recovering from a devastating war and faces a new problem: Western investors, sensing a chance to rake in millions, are suing to recover old debts that they bought for pennies on the dollar. Such investors, running what critics derisively call vulture funds, have been widely denounced by the World Bank and the International Monetary Fund for forcing poor countries to fend off costly lawsuits rather than build classrooms and clinics.» —“Unlikely Ally Against Congo Republic Graft” by Lydia Polgreen New York Times Dec. 10, 2007. (source: Double-Tongued Dictionary)

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