卖方有借入证券协议。

Seller has agreement to borrow securities.

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在卖空交易中，投资者借入证券，并期望将来以较低的价格买入同等数量的股票，借此归还原先所借的证券并获得投资收益。

In a short sale, an investor borrows securities and hopes to make a profit by buying an equal number of shares later at a lower price to replace the borrowed securities.

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银行可依据其相对极少的本金而借入大量资金；另外，它们设立更为复杂的证券。

The banks could borrow huge amounts against relatively little capital. And they created ever more complex securities.

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