当一件东西没有期限得被免费赠予,人们就开始把它的价值看低了。
When something is offered free for any length of time, people begin to value it less.
而且随着租赁期限的逼近,租赁的价值将减少。
And as leases get closer to their expiry dates, their value erodes.
然而很不幸的是,在现实世界中如何根据期限和不确定来调整合适的资产价值,远比我们签名所举的例子复杂很多。
Unfortunately, adjusting asset values fortime and uncertainty is often more complicated than our example suggests.
The history of mortgages is that they have generally over time gotten more easy on loan-to-value ratio and also on maturity.
从抵押贷款的历史来看,随着时间推移,抵押贷款,对于贷款价值比和期限越来越宽松
The term structure is one of the most interesting things in economics because it shows the price of time at various maturities.
经济学中,期限结构是个有趣的话题,因为它揭示了不同到期期限的时间价值
The loan-to-value ratio--well it's not so much the loan--the maturity was short and the balloon payment at the end that they changed.
贷款价值比率,不,就是期限太短了,期末大额偿还也是罪魁祸首
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