For companies that we thought had backdated stock options, that we could buy their bonds at what they would trade for without this potential event of default.

对于那些我们认为已经追溯股票期权的公司，我们会在没有潜在违约风险下进行交易的价格,购买他们的债券。

耶鲁公开课 - 金融市场课程节选

Mr Zoellick has managed to launch the round without trade-promotion authority, but he cannot complete without it.

ECONOMIST: The end of the beginning | The

But without trade, and the faster growth it can bring, she is unlikely to get any of it.

ECONOMIST: The real losers

Without trade, perhaps the most important engine of growth in poorer countries, workers in developing countries stand little chance of ever doing the same.

ECONOMIST: Second thoughts about globalisation