Lenders have to set aside less capital for loans against property because of its security as collateral.

贷方不得不针对房贷留出更少的本金，因为房贷有安全性的附属特性。

youdao

Up for grabs will be distressed corporate loans, property debt and non-core businesses as European Banks shrink their balance-sheets to meet stricter capital requirements.

投行们争抢的，是欧洲银行紧缩收支以满足资本要求后，必须甩卖的坏账：企业贷款，地产按揭和非核心业务。

youdao

As capital flooded in, these borrowings soared, as did property values and share prices.

而资本的涌入造成了固定资产价值和股票价格的一路飙升，贷款的行为就会变得更加疯狂。

youdao

Now more than ever, intangible capital (such as intellectual property and brands) rather than physical capital separates the winners from the rest.

FORBES: Brains Abroad

That makes companies such as Capital Trust and Starwood Property more vulnerable should real-estate values fall.

WSJ: Blackstone Boosts Lender

As for Tobin's q, it omits intangible capital, which has grown in significance as both brands and intellectual property have increased in value.

ECONOMIST: A survey of global equity markets