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paper money

compounding; noun
(As part of income from a job) stocks promised on paper but cannot be immediately
 
It is commonly used on the “Blind” forum to refer to Restricted Stock Units and/or the stocks of pre-IPO companies, where the value of the stock is not certain and the owner of such stock cannot immediately sell the stock. It is in direct contrast as “liquid money,” cash salary and immediately sellable stocks. The term serves as a shibboleth on the forum, alongside terms like “TC,” as forum users use these terms to indicate that they are Silicon Valley insiders. Note that “paper” has the meaning of “Of currency or credit: issued in the form of bills, promissory notes, cheques, etc” that dates back to 1700s,” as indicated on the OED, which differs from the meaning as defined above.
Etymology : Compounding paper and money
Source : “I only accept paper money if it is significantly more than I could get from liquid money.” A post on Blind, tech advice giving anonymous forum. July 2018.
Last modified: 26 November 2020


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