Debt buyer
A company that purchases debts from the original creditor and then seeks to collect or settle them in its own right.
Related terms
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Debt purchaser
A person or business that buys the legal rights to a debt and may then collect, negotiate or enforce it.
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Irish vulture fund
An informal term commonly used in Ireland for investment funds that buy distressed loans or debt portfolios, often at a discount, and then manage or enforce them.
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Loan sale
The transfer of a loan or debt from one lender or investor to another, which may also transfer associated rights and security.
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