信用证意指一项约定,无论其如何命名或描述,该约定不可撤销并因此构成开证行对于相符提示予以兑付的确定承诺。
Credit means any arrangement, however named or described, that is irrevocable and thereby constitutes a definite undertaking of the issuing bank to honour a complying presentation.
对这些机构,以及其后续机构,必须要有一项约定的长期承诺,那就是得保证他们手中有钱,因为一旦这些机构变成无米之巧妇,受苦的还是那数百万受病魔折腾的人们。
There must be a plausible long-term commitment that these institutions, or their successors, will not be left in the lurch. For that would leave millions of sick people in the lurch, too.
—可转换债券赋予持有人一项权利,每张债券可以转换成约定数额的股票。
Convertible bonds give the holders the option to convert each bond into a stipulated number of shares of stock.
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