As provisions which are embedded in corporate bonds and allow issuers or investors to change their future cash flow, the embedded options are valuable and become a part of corporate bonds value.
嵌入期权作为镶嵌在债券结构中允许发行者或投资者改变债券未来现金流特征的条款，它是具备价值的，并构成债券价值的一部分。
But card issuers look at cash flow rather than asset values, so falling house prices do not necessarily trigger a change in borrowers' creditworthiness. They may even work to issuers' advantage.
但是信用卡发行人看到的是现金流动而不是资产价值，因此房产价格的下降并不一定会带来贷款人信用度的改变，甚至会有利于发行人。
The influence of economic parameters on the results in reserve estimate is mainly the change of time in zero of pretax net cash flow, that is, the change of economic life.
经济参数的变化对储量评价结果的影响，主要改变了税前净现金流为零的时间，即改变了经济开采年限。
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