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411 REFERENCE · Wiktionary

Chinese money

Reference material by Wiktionary contributors. This retains its source identity and is not 411 news reporting.

English Noun - en finance informal Risky alternatives to cash, such as convertible securities, low interest debentures, or warrants, when they are used to purchase shares in a company. en 1982 Financial World 151 75 Some people, though, are beginning to question the growing use of convertible securities - or so-called Chinese money - to acquire companies. en 2001 Diana B. Henriques The White Sharks of Wall Street who had begun as a bond salesman specializing in the convertible debentures and other so-called “Chinese money” generated by men like Evans and by the conglomerate acquisitions of the sixties en Chinese money