All Europe, exclusive of the British and other Isles.
Continental paper money, issued by authority of the Continental Congress during the Revolutionary War, and used to defray the greater part of the expenses of that war. An enormous amount of it was put out, the sum total being about $360,000,000. The market became so glutted with it that it depreciated tremendously, and finally became almost worthless, one instance being reported where $1,000 in this currency was given in exchange for $1.00 in silver. This explains our common expression " don't care a continental."
Berlin, Antwerp, and Paris.
Money set aside to be drawn upon only in case of certain emergencies.
A conditional profit. A lawyer occasionally conducts a case upon a "contingent profit " or fee, his payment for services being entirely dependent upon his winning the case.
Same as " extended bond."
See " Controlling Interest."
When one person, or a number together for their mutual benefit, obtain, by ownership or by proxies (see " Proxy "), their right to cast the votes for a majority of the shares of stock in any corporation, such person or persons are said to have a " controlling interest."
The only difference between a "convertible debenture" and a "convertible bond is as to the way the loan is secured, which will be clearly understood by turning to the subject " Debenture Bond." A good illustration of such an issue is that of the American Telephone and Telegraph Co., " Convertible Debenture" 4's, to which there is attached the lottery feature of convertibility into stock after three years and before the expiration of twelve years at stipulated prices.
See " Income Bonds"