没有证券，没有股票，没有债券。

No securities, no stocks, no bonds.

youdao

没有证券没有股票没有债券。

No securities no stocks no bonds.

youdao

如果没有证券化，全球就无法无限期的维持这种极端失衡状况。

Without securitisation, the world cannot sustain such extreme imbalances indefinitely.

youdao

That is, it tends to be bigger and that is because less developed countries have less developed securities, regulation and laws, and traditions.

也可以说,银行体系势必会更加庞大,因为欠发达国家,没有完善的证券系统,法律法规和历史经验

耶鲁公开课 - 金融市场课程节选

You could not sell a security without giving a prospectus to the potential buyers and the prospectus would be something approved by the SEC.

没有招股说明书就不可以,出售证券给潜在买家,而且招股书需要通过证交会审核

耶鲁公开课 - 金融市场课程节选