It has the following legal characteristics: free choice, sovereign entity, object sharing, real function and interim arrangement.

它具有任择性、国家主体性、客体共享性、功能性、临时性等法律特征。

youdao

If no currency is specified, if the Reference Entity is not a Sovereign, then the relevant currency is that of the jurisdiction in which the relevant Reference Entity is organized.

如果没有指定的货币，如果该参考实体是不是一个主权货币，则是，管辖权在有关参考实体组织的有关货币。

youdao

A nation - state is a sovereign state in which the people and the state are an entity and whose score is this people.

民族国家就是以民族为核心、民族与国家合二为一的主权国家。

youdao

We call it the "Label" model because it treats each of EA's four labels as a sovereign entity responsible for its own creative decisions and business results.

FORBES: Magazine Article

Now, once the eurozone were borrowing in this way as a de facto single sovereign entity, then of course these euro bonds would be fully sovereign bonds, available for purchase (in theory) by the central bank (though gawd alone knows whether Germany would allow it).

BBC: The eurozone's borrowing costs may stay lethally high