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Debt buying has historically taken place via the purchase and sale of whole portfolios consisting of a static group of accounts. Debt issuers usually prefer to sell their entire portfolio to a single debt buyer because the issuer is responsible for supplying the debt buyers with the documentation to prove the validity of the account.
Their investment portfolio has averaged a 12% return over the past five years. In this case, paying off the debt early would likely reduce their overall net worth.
In 2006 and 2009, The Debt Exchange was awarded patent numbers 7,035,820 and 7,584,139, respectively, by the United States Patent and Trademark Office for its online loan sale and debt trading exchange system. [5] In 2014, DebtX was awarded a third U.S. Patent No. 8,639,614 for its DXSyndicate product. [5]
A vulture fund is a hedge fund or private-equity fund that invests in debt considered to be very weak or in default, known as distressed debt. [2] Investors in the fund profit by buying debt at a discounted price on a secondary market and then using numerous methods to sell the debt for more than the purchasing price.
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NEW YORK (Reuters) -Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two people with knowledge of the matter ...
The proceeds of the sale are expected to be used for debt reduction, officials said. Gannett has been divesting some of its businesses, real estate holdings and non-strategic assets to pay down debt.
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