Their exchange value depended not on their silver content, but on the fact that they could be exchanged at every instant, without delay and without cost, at their full face value against gold.

它们的交换价值并不取决于他们的含银量，而事实上是按其全部面值兑换黄金，而这种兑换又是可以在任何时刻无拖延、无成本地进行。

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The private activity bonds for American Airlines are now trading around their full face value.

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So this time round, the bank's denials have not been taken at full face value.

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When Daewoo collapsed nearly three years ago, bondholders were compensated at almost full face value.

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