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单词 switch dollar
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switch dollar
switch dollar n. Economics (see quots.).
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society > trade and finance > financial dealings > types of money-dealing > [noun] > investment > money invested
stocka1763
investment1785
lock-up1866
smart money1893
ploughback1939
switch dollar1964
1964 Times Rev. Industry Sept. 17/1 All purchases of foreign exchange for investment in non-Sterling Areas are subject to control... Direct investment projects..may be financed..either by borrowing abroad or by using the non-sterling currency proceeds of the sale of foreign securities..; i.e., so-called ‘switch dollars’.
1978 J. Paxton Dict. European Econ. Community (rev. ed.) 236 Switch dollar market. Investment in foreign securities by United Kingdom residents is not normally allowed.., but existing holdings may be realised and the proceeds switched into (i.e. used to buy) other securities, or sold..to other United Kingdom residents who wish to purchase foreign securities. For convenience, such funds, whatever the currency, are expressed in terms of United States dollars called Switch, security or investment dollars.
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