vulture fund

Definition

Investment funds that buy distressed debt for pennies then aggressively pursue collection, like financial hyenas picking at corporate carcasses. Compassion not included.

Example Usage

The vulture fund bought the bankrupt nation's debt and spent years suing for full repayment plus interest.

Source: Distressed debt and investment terminology

Related Terms

Intermediate

cost basis

The original purchase price of an asset used to calculate capital gains taxes, proving that the IRS wants documentation of every financial decision you've ever made. Lose track of it and prepare for tax-time panic.

💰 Finance / Accounting

Beginner

chart of accounts

A comprehensive listing of all accounts in an organization's general ledger, organized into categories like assets, liabilities, and expenses. It's the financial filing system that makes sense to exactly one person: whoever designed it.

💰 Finance / Accounting

Beginner

dividend

That magical quarterly payment when a company actually shares its profits with shareholders instead of hoarding every penny for executive bonuses. In math class, it's the number getting divided; in real life, it's your reward for believing in capitalism. Think of it as the corporate world's version of saying 'thanks for believing in us' with actual money instead of just pizza parties.

💰 Finance / Accounting

Beginner

Revenue

The total money a company brings in before subtracting any expenses, which is like bragging about your salary before mentioning your rent, taxes, and crippling avocado toast habit. Startups love to talk about revenue growth while conveniently forgetting to mention they spend two dollars for every dollar earned.

💰 Finance / Accounting

Beginner

double entry

The foundational accounting system where every transaction affects at least two accounts, ensuring the books always balance through equal and opposite entries. It's the yin and yang of accounting, except with more debits.

💰 Finance / Accounting

Intermediate

solvency

The ability to meet long-term obligations and survive beyond next quarter—unlike liquidity, which only cares about immediate bills. A company can be liquid but insolvent (cash now, doomed later) or illiquid but solvent (asset-rich, cash-poor).

💰 Finance / Accounting

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