They do so by taking their higher discount rate from the money market, where people exchange future money for present money, and vice versa.

他们从货币市场中采用更高的折现率，在那里人们将现在与未来的钱进行交换。

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Earlier this year, the company struck a promotional partnership with FedEx Corp., offering FedEx customers help using the site in exchange for FedEx giving Alibaba users a discount.

今年早些时候，阿里巴巴和联邦快递(FedEx)达成了一项推广合作协议。根据协议，阿里巴巴为联邦快递客户使用其网站提供帮助，联邦快递则向阿里巴巴用户提供折扣。

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If we accept bills of exchange or cheques, the Buyer shall pay any discount charges or bank charges.

如果我方接受汇票或支票，买方应支付所有折扣费用或银行手续费。

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Buy the fund and you are buying YPF even cheaper since the fund trades on the New York Stock Exchange at a 29% discount to net asset value.

FORBES: Playing the Latin rebound

In Watt's Latin America Equity fund, for example, you are getting shares of YPF, an integrated oil company in Argentina that trades at 6.5 times estimated cash flow (expected 1998 earnings plus depreciation). (The comparable ratio for Exxon is about twice that.) Buy the fund and you are buying YPF even cheaper, since the fund trades on the New York Stock Exchange at a 29% discount to net asset value.

FORBES: Playing the Latin rebound

Joe Cornell, founder of Chicago-based Spin-Off Advisors, says the next step will likely be an exchange offer from Pfizer later this year, giving shareholders the ability to exchange some of their holdings for shares in the animal health business, likely at a discount to incentivize participation.

FORBES: Puppies Over Pills: Pfizer Spinout Zoetis Shines In Biggest IPO Since Facebook