The nature of venture-capital investing, which involves placing many bets in the hope that a few pay off, helped create today’s array of clean technologies.

风险投资的本质就是多点下注，希望能有几个可以成功。 它创造了今日的清洁能源。

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Pay attention to changes in the capital structure before and after the acquisition and how the company intends to generate cash flows to pay off the debt.

请注意收购前后的现金结构以及公司怎样组织现金流偿付账款。

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The logic at the time was that it would be cheaper to pay capital-gains tax on a one-off sale than to continue paying Harold Wilson's astronomic income tax.

当时他的想法认为，较支付给哈罗德•威尔逊②所得税所需的天文数字来说，一次性出售版权所缴纳的资本利得税显然便宜得多。

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Banks, for their part, view the fees charged for capital-raising in part as a pay-off for the effort and expense put into their corporate-broking work.

ECONOMIST: Investment-banking fees

Capital expenditure may have a pay-off in the long run but, given the ever-shortening career span of the average chief executive, few may be willing to take a chance that they will be around for the long term.

ECONOMIST: American profits have been high but the trend may not last

The problem with working-capital initiatives is they can take a long time to pay off.

ECONOMIST: Managing in the downturn