Cities go bankrupt and they just can't pay, so you as a buyer of these bonds feel reluctant to invest in them.

如果一市政府破产了,他们将无法支付,因此作为投资人,你可能不想购买它

耶鲁公开课 - 金融市场课程节选

You kept your Social Security card and you pasted stamps on it that proved that you paid it.

你取得社会保障卡,并将邮票贴在上面,以此来证明你已支付过钱。

耶鲁公开课 - 金融市场课程节选

The subprime crisis is happening today because home prices are falling and with falling home prices more subprime borrowers are failing to pay their mortgage.

次贷危机之所以会发生,时因为房屋的价格在下降,随着房屋价格的下降更多的次贷借款人,将会无法支付他们的贷款

耶鲁公开课 - 金融市场课程节选

It may have to do with the fact that people today don't seem to be as focused on dividends and so that means that companies are more able to reinvest earnings and not pay.

这跟当下人们不再那么,关注股利有关,这意味着公司,可以更多地将收益再投资,而不是支付股利

耶鲁公开课 - 金融市场课程节选

The problem with private banks issuing notes is that there would periodically be banking crises when the banks failed to pay on their notes and they couldn't pay out the gold that was demanded--that was required.

私有银行发行纸币的问题在于,当它们没法用要求的金子-规定的金子数量,支付它们发行的纸币时,它们将周期性的,陷入银行业危机。

耶鲁公开课 - 金融市场课程节选

Remember, I said I'm doing this because I expect to have a hundred pounds-- I said one dollar-- I'm going to have to pay out a hundred pounds because this one-period bond, worth one hundred pounds principal, is coming due so I have to pay it out.

回想一下,我说过我会这么做,是因为我会得到一百英镑,我口误说成了一美元,我将要偿还的数额是一百英镑,因为这张一年期,一百英镑面值的债券即将到期,于是我不得不将其支付

耶鲁公开课 - 金融市场课程节选