... asbestos backing 石棉背垫(焊接) asset backing 资产支持 auxiliary backing 辅助的存储器 ...
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net asset backing 净年值
This churning of collateral means that re-hypothecation transactions have been creating enormous amounts of liquidity, much of which has no real asset backing.
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Mr Cardoso's popularity has at last recovered to its level before the devaluation, so the president's backing should be an asset to Mr Serra.
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