Chinese money

English

Noun

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.