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English
Noun
Chinese money (uncountable)
- (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.
1982, Financial World, volume 151, page 75:Some people, though, are beginning to question the growing use of convertible securities - or so-called Chinese money - to acquire companies.
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 […]
- Used other than figuratively or idiomatically: see Chinese, money.