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.
R. W. Holder.
2014.
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