stock debit notes 入库凭单
The average time for holding a stock in both the United States and Britain, he notes, has dropped from seven years to seven months in recent decades.
他特别提到，最近几十年，无论是在美国还是在英国，持有一支股票的平均时间都从七年下降到了七个月。
He notes that futures exchanges do not have to pool the clearing of their trades, as stock exchanges do, which gives them added control.
德瓦尔还注意到，在期货交易中不必结清所有款项，而证券交易就必须这么做，以增加交易的可控制性。
The paper notes that stock market returns drive much of the manager’s income.
证券市场通过高薪激励经理。
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