Then there's a formula that dictates how much Tier I capital and how much Tier II capital they have to hold.

还有一个公式可以计算出,他们必须持有,多少一级资本和多少二级资本

耶鲁公开课 - 金融市场课程节选

Well, that leakage--that 1.5% or 2% that you pay your hedge fund manager- plus the 20% of profits really reduces the amount of return that's available for the owners of capital.

系统的损耗,大约1.5%或2%的管理费率,用来支付给对冲基金经理,加上20%的利润提成,显著减少了资本所有者,可以得到的回报

耶鲁公开课 - 金融市场课程节选

Capital is the money that they have to pay out should there be a -its assets that they can quickly liquefy and pay out should there be a run on the bank.

资本金就是他们可以,用作偿付的现金,当...,这是当出现挤兑时,银行可以迅速,变现并且用作支付款项的资产

耶鲁公开课 - 金融市场课程节选