这其中确有道理，贷款是以某种一旦借款方违约，仍将保留部分价值的有形资产作为担保，不过它也可能导致过度放贷。

That makes sense—the loan is secured by a tangible asset that will retain some value if the borrower defaults—but it can also lead to overlending.

youdao

作为一种有形资产，大宗商品是一种价值储存手段，因此也是天然的通胀避险工具，在上述环境下，大宗商品应会有良好的表现。

Commodities, as a physical asset, are a store of value and consequently a natural hedge against inflation, and should perform well in that environment.

youdao

鉴于过去的风险管理失误曾造成账面价值减记，我对该公司的有形资产账面价值持保留态度。

I question their tangible book value number, given past risk-management mishaps that caused book value to get written down.

youdao