Vulture Fund Law and Legal Definition
Vulture fund is a limited partnership that invests in depressed property, usually real estate, aiming to profit when prices rebound. It can also be a private equity or hedge fund that invests in debt issued by an entity that is considered to be very weak or dying. The investors are like vultures circling and waiting to pick over the remains of a rapidly weakening company. Hence the name, vulture funds. Some countries like U.K have banned vulture funds.