So, on one side is everything the company owns and the other side is everything the company owes.

一栏是公司所有资产,另一栏是公司所欠债务

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The SIV really was a liability but it wasn't visible to investors investing in the bank.

结构投资公司本身就是债务,但银行的投资者们并不了解这点

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The other thing that I want to say about Modigliani and Miller is about corporate debt.

我想讲的另一个问题是,莫迪利阿尼和米勒还谈到了公司债务

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From the standpoint of a buyer of the whole company, what do I care how the ownership of the company is divided up between debt and equity?

从公司买家的角度来说,我现在关心的只是,公司的所有权,是怎样分配给股东和债务人的

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The net worth of the company is their assets minus their liabilities and that represents the value that the company has if they paid off all their liabilities.

公司净资产为,资产减去负债,也表示,公司清偿债务后的价值

耶鲁公开课 - 金融市场课程节选

The debt of a company is the amount of money it owes either to banks, or to bond holders, or to note holders, or commercial paper holders; these are fixed incomes.

公司的债务是指一笔借来的钱,不管债权人是银行还是股东,或债券所有人,或者商业票据所有人,这些都是固定收益

耶鲁公开课 - 金融市场课程节选