Under the classical gold-coin standard (1717-1914) private banks and central banks alike issued currency convertible into a fixed weight of gold, with balance sheets consisting primarily of gold coins and short-term loans denominated in local (but gold-convertible) money.

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If you raised money on a convertible note with a high cap, you may be about to get an illustration of the difference between a valuation cap on a note and an actual valuation.

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However, that objective (price stability) is more credibly attainable under a convertible currency than a pure fiat money.

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There is abundant empirical evidence that the world economy will create many more jobs with its currencies convertible into gold than with paper money.

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And Germany conquered inflation by controlling money supply and declaring marks convertible into land.

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Freely determined market prices and a monetary system that allows the supply of money to meet demand through market processes and a convertible currency ensure long-run prosperity.

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Gilinski got bridge loans from Barclays and ING, backed by equity in the bank, and sold convertible bonds in the U.S. to get the money to seal the deal in record time.

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On the other hand, if your financial position is stable and your debts are in check, why not splurge and use that refund money to buy yourself a racy sports coupe or convertible to help assuage your vehicular fantasies and make the most of the enticing spring and summer weekends ahead.

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Rather than stepping in to guarantee the share issue, the company has reportedly offered to lend money to Kvaerner, using a financial vehicle called a convertible loan.

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Micron raises the money to do this by issuing equity (or more typically, bonds convertible into equity) to add to its cash in the bank and profits from ongoing operations.

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He pumped more money into the company in 2003 and 2004, also in the form of convertible debt.

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