equity equivalent contingent participation


equity equivalent contingent participation
   American
   a loan illegally tied to future profitability
   One of the evasions describing methods which allow banks to participate in speculative ventures:
    Our interest wouldn't be in stock, of course. Glass-Steagall rules that out. It'd be what they call 'an equity equivalent contingent participation'. (M. Thomas, 1987)

How not to say what you mean: A dictionary of euphemisms. . 2014.

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