Then if you fail to pay on the mortgage--pay off the debt -the lender can seize the property and sell it.

然而如果你无法偿还贷款,贷方可以没收这项财产并出售

耶鲁公开课 - 金融市场课程节选

If you put a property up as collateral, then the lender knows that they can get the money back from you.

如果你以资产作抵押,贷方就知道债务偿还有了保障

耶鲁公开课 - 金融市场课程节选

A mortgage lender doesn't want to lend more than the property is worth because that would mean a loan-to-value ratio over one.

抵押贷款的贷方,借给你的钱不会超过财产本身价值,因此贷款价值比率就会大于1

耶鲁公开课 - 金融市场课程节选

That means that if you fail to pay on the loan, the property is taken by the lender to satisfy your debts.

这意味着如果你不能偿付贷款,这项资产会归债权人所有以清偿你的债务

耶鲁公开课 - 金融市场课程节选

You're not a regular businessman running a business; you're a lender to the businesses.

你不是一个经营企业的普通商家,你是给这些企业贷款的人

耶鲁公开课 - 金融市场课程节选

This puts the British Government in an embarrassing situation of owning a failing mortgage lender, so they've got to now be the government collecting on all these mortgages; it's a mess.

承认其银行抵押贷款出现严重问题,着实令英国政府颜面扫地,所以现在不得不由政府出面,收购所有这些抵押贷款,真是一团乱

耶鲁公开课 - 金融市场课程节选

The adverse selection problem, when it comes to borrowers--people who are trying to borrow money -is that if you become a lender -let's say, if you -not talking about becoming a lender.

逆向选择的问题,对于借款方,即希望借到钱的人而言,假如你是贷款方,比方说,如果你...,还是换个说法吧

耶鲁公开课 - 金融市场课程节选