Debt purchaser
A person or business that buys the legal rights to a debt and may then collect, negotiate or enforce it.
Related terms
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Debt buyer
A company that purchases debts from the original creditor and then seeks to collect or settle them in its own right.
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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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Vulture fund
An informal term for an investor that buys distressed debt or assets, usually at a discount, with the aim of recovering value through repayment, settlement or enforcement.
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