the thing that made us aware that not filing financial statements was an event of default and, therefore, something that would entitle you to the payment immediately.

这件事情让我们意识到,没有发布财务报表是一种违约行为，而且是这种行为可以让你有权,要求立即付款。

耶鲁公开课 - 金融市场课程节选

For companies that we thought had backdated stock options, that we could buy their bonds at what they would trade for without this potential event of default.

对于那些我们认为已经追溯股票期权的公司，我们会在没有潜在违约风险下进行交易的价格,购买他们的债券。

耶鲁公开课 - 金融市场课程节选