因为收据是可流通的，它能在到期前在二级市场被交易很多次。

Because the receipt is negotiable, it can be traded any number of times in the secondary market prior to its maturity.

youdao

人工采摘桑叶制作纯桑叶饲料，成本高，始终未能把桑叶转换为可流通的商品禽畜饲料。

Feed purely made from mulberry leaves which are picked up by manpower is high in cost so that the mulberry leaves are still not transformed into commercial feed for the livestock in circulation.

youdao

这并不有损于商品和思想的自由流通，可很多美国人却认为不是这样。

It has not undermined the case for the free movement of goods and ideas and people, but many Americans think it has.

youdao

Technically, Fannie and Freddie are private companies -they're traded stocks; you can buy shares in Fannie and Freddie.

技术上,房利美和房地美都是私人公司,它们的股票可流通,你可以购买房利美和房地美的股票

耶鲁公开课 - 金融市场课程节选