Chinese money

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English

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Noun

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Chinese money (uncountable)

  1. (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 []
  2. Used other than figuratively or idiomatically: see Chinese,‎ money.