Financial engineering involved the creation of synthetic financial instruments for leveraging credit with names like Collateral Debt Obligations and credit Default Swaps.

金融工程包括为利用财务杠杆创造出人为的金融衍生工具，例如，债务抵押证券和信贷违约掉期等。

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Yet it also had to provide massive collateral guarantees to Banks, with the result that its total debt might actually increase.

但与此同时它还必须提供大量的附加额外担保，结果，债务总量实际上是增加了。

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When they take on debt, borrowers fail to take into account the effect of their actions on the collateral constraints faced by others.

在贷款买房时，贷款者并未考虑到自身的行为对抵押品限制的影响，而这一影响的最终后果又会影响到其他人。

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One of Berkshire's portfolio positions is Moody's, whose credit analysts blessed all the offerings of collateral debt obligations.

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They often have significant and liquid endowments that serve as collateral for the debt.

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The analyst even said that the extension is a positive in that the holders of the notes are continuing to work with the company on the liquidation of the underlying mortgage-backed securities, which are serving as collateral for the debt.

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