券

Home mortgage loan is especially preferred in Asset-Backed Securitization because of its stable cash flow and good assets.

住宅抵押贷款由于其现金流稳定、资产优良等特点，更是受到证券化的青睐，资产证券化也正是在美国从住宅抵押贷款证券化开始的。

In a department store when a gift voucher is exchanged it's stamped with the details of the store to cancel it.

在百货公司里，凡是已经兑换的礼券都会在上面盖上将其注销的商店的详细信息。

Here is the fifth token towards our offer. You need six of these tokens.

这是第5张礼券，你需要6张才能享受我们的特价。

The number of companies listed on NASDAQ is more than that on any of the other stock exchanges in the United States, including the New York Stock Exchange ( NYSE) and the American Stock Exchange ( AMEX).

纳斯达克（NASDAQ）名下的上市公司在数量上超过了包括纽约证券交易所（NYSE）和美国证券交易所（AMEX）在内的任何一家美国证券交易所。

Circle the correct answers on the coupon below.

将下面参赛券上的正确答案圈出来。

The winners will each receive a voucher for a pair of cinema tickets.

获胜者每人将会获得两张电影票的代金券。

The New York Stock Exchange and the American stock exchange are the largest stock exchange in the U.S.A.

纽约证券交易所和美国证券交易所是美国最大的证券交易所。

"Shares listed on the unified exchange, American stock exchange, London Stock exchange, Nagoya Stock exchange, New York Stock exchange, Osaka Securities Exchange or Tokyo Stock exchange"

在联合交易所大证券交易所名古屋证券交易所东京证券交易所美国证券交易所纽约证券交易所或伦敦证券交易所上市的股份

Asset securitisation process is very complex and a typical securitisation transaction would involve an entity selling a pool of assets to a special purpose vehicle ( SPV).

资产证券化的交易结构极为复杂，对于一个典型的证券化交易而言，不可缺少的要素在于要将证券化资产转移给特殊目的载体SPV（special purpose vehicle）。

If these defects were overlooked, there would be no order with the slip of ethics and loss of trust, and the security market would eventually collapse.

如果无视证券市场存在的伦理缺陷。随着道德滑坡，信用丧失，证券市场将无秩序可言，最终将导致证券市场的崩溃。

There are some useful experiences for taking-off of Chinese market in the history of the global main markets: It's the specific cause of development that determines the transplanting mode of securitization system of a specific country;

考察从美国到全球的主要证券化市场发展历史，可以得到以下足为我国证券化市场与制度建设之镜鉴的经验与教训：发展动因上的区别影响引入证券化制度的模式和路径；

Vouchers must be redeemed before September 14th so you'd better get cracking to cash in.

代金券必须在9月14日之前用掉，所以你最好快点。

People were very possessive about their coupons.

人们很想独占礼券。

This article has conducted the system research to the SPT participating in asset-securitization capital system, unifying Anglo-American law system and continental law system's legislative model of asset-securitization and the trust law system, discusses our country's legal circumstances of SPT participating in asset-securitization.

本文对SPT参与资产证券化资制度运行进行了系统研究，结合英美法系与大陆法系资产证券化立法模式与信托相关法律制度，对我国SPT参与资产证券化的立法现状进行分析探讨。

This ticket entitles you to a free lunch.

凭此券你可免费吃一顿午餐.

The article is divided into four chapters to illustrate this topic: The first chapter is a summary on the investment fund.

本文拟从四个部分进行全面阐释：第一章为证券投资基金概述，该章主要介绍了各国对于证券投资基金的定义、证券投资基金的当事人及其法律地位。

an international reply coupon

国际通用预付回信邮资券

The money was raised by the sale of raffle tickets.

这笔款子是通过出售购物彩券筹集的.

The G7 bond markets, e.g.U.S., Japan, accounts for the major flows of the fixed income markets.

七大工业国的债券市场（G7bond markets），例如：美国的债券市场和，日本的债券市场，就占据了国际债券市场流通的主要部分。

The BBC Good Food Show is giving away free tickets in a competition. For details, see below.

英国广播公司“美食秀”正在派送比赛免费券，详情见下文。

Complete the form and affix four tokens to its back.

填完该表，在背面贴上4张凭券。

Part five: According to XX company project of bad asset Securitization, it discusses the securitization treatment of reclaiming truck assets and stock changing from credit, and then designs simple Securitization project.

第五部分：在XX公司不良资产证券化方案基础上，对资产管理公司债转股股权的证券化处置进行探讨，设计简单的证券化方案。

The council gives old people free tokens.

委员会发给老年人免费的代金券.

At the same time it scrutinizes the foreign experiences of the non-performing loans and analyzes the practical significance and feasibility of securitization of non-performing loans in our commercial banks.

同时考察了国外不良资产证券化的经验，分析了我国商业银行不良资产证券化的实践意义和在我国进行不良资产证券化的可行性。

Asset-backed securities products were initiated in 2005. However, the limited instruments can hardly satisfy the financing demand of SMEs.

2005年资产证券化试点打开了证券化的空间，但试点证券化资产范围相对狭窄，没有触及中小企业的融资需求。

The coupon is not valid if detached.

这折扣券撕下即无效.

Asset Securitization business is a economic course also as a law course.

这一部分从美国资产证券化的涵义谈起，对资产证券化进行简单介绍，借助图表，分析其一般运作流程，由此分析资产证券化交易既是一个经济过程也是一个法律过程。

The security act of 1998 divided security company into the comprehensive and brokerage company.

1998年出台的《证券法》，把我国的证券公司划分为综合类证券公司和经纪类证券公司。

Tom gave him a free pass on the railway.

汤姆给了他一张火车免费乘车券.

'But what is the black spot, Captain?'I asked.

“ 可船长,黑券是什么东西? ” 我问.