vulture
VUL-cher
Definition
A derogatory term for an investor or company that exploits distressed assets or vulnerable markets for profit by stripping them of value or imposing predatory fees.
Etymology
Derived from the Latin 'vulturius', referring to the bird of prey, the term entered Middle English and was later metaphorically applied to people who profit from the misfortune of others, similar to how the bird feeds on carrion.
In the news
In the article, the term is used to describe private equity firms accused of predatory financial practices, such as imposing excessive fees on families and extracting value from youth sports leagues. It is central to the proposed 'Let Kids Play Act' which seeks to restrict these business models.
As cost of youth sports grows, Congress eyes regulation of private equity
Read the full article ↗Peoriatimes.com