我认为这只是另一种金融工具。

I think they're just one more financial tool.

youdao

衍生工具是一种金融工具，其价格是根据从不同的资产派生而来。

A derivative is a financial instrument whose price is based (derived) from a different asset.

youdao

衍生工具是一种金融工具，它是从其他原生金融工具如指数衍生出来的。

A derivative is a security which "derives" its value from another underlying financial instrument, index, or other investment.

youdao

A financial instrument is like an engineering device.

金融工具就像是,一种工程设备

耶鲁公开课 - 金融市场课程节选

Debt is the simplest of financial instruments.

债券是金融工具中最为简单的一种

耶鲁公开课 - 金融市场课程节选

These mortgages were given out to people that couldn't afford them and today you have what you call subprime mortgages--subprime paper They issued against this paper stuff called mortgage-backed security. They securitized them and these things are all floating around now.

我们发放这些抵押贷款给那些买不起房子的人,所以现在你们看到了一种你们叫做,次级抵押贷款的金融工具--次贷票据,他们把这种票据叫做,有抵押证券，他们把有抵押证券证券化,这些证券现在在市场上被多次交易，广为流通。

耶鲁公开课 - 金融市场课程节选