In the venture capital market of USA, arrangement of convertible preferential stock and staggered investment forms the core of financial affairs governance structure.

In venture capital financing, practitioners use different securities, especially convertible preferred stock. Agency theory and property rights theory have different explanation for it.

现实中风险资本融资使用不同种类的证券工具，尤其是大量使用可转换优先股，委托代理理论和控制权理论对此有不同的解释。

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The analysis shows that convertible preferred stock or convertible debt is the best if good output level is twice as high as the original capital.

通过对模型的数量分析发现，如果好的产出水平大于债务重组金额2倍，选择可转债或可转换优先股都是最优的债务重组工具；

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Negotiable bond convertible loan stock

流通公债，可转让债券可转换股的债权股额

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It is concluded that convertible preference stock is a superior venture capital contract form.

并得出可转换优先股是最优的风险投资契约形式的结论。

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The convertible stock was to pay an annual dividend of 10 per cent, and convert into common stock at$ 35.25 in two tranches over the coming two years.

可转换股每年将支付10%的股息，并且要在未来两年内，分两批以每股35.25美元的价格转换为普通股。

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It discovers the convertible stock can lower acting risk and give the valid stimulation to the both side.

通过分析发现可转换证券可以减少代理风险，对双方产生有效的激励作用。

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Nanjing automobile, the Chinese company that bought the assets of MG Rover in 2005, will begin production on Tuesday of a four-door saloon derived from the Rover 75 and a convertible sports car destined for the Chinese market similar to the iconic MG TF model.

南京汽车（nanjing automobile）将于本周二开始生产一款脱胎于rover75的四门轿车，以及一款面向中国市场的敞篷跑车，后一款车型类似于mg罗孚标志性的mg tf车型。

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Hell see a group of volunteers crying out for his help to save San Francisco Giants mascot, Lou Seal, whos been kidnapped by Mr. Penguin in a convertible getaway car.

他会看到一群志愿者扮演的求救者，他们呼喊着找他去救助旧金山巨人棒球队的吉祥物海豹卢先生，因为企鹅先生将海豹卢先生绑架后驾驶着可变形逃逸车逃跑了。

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He magazine, which is produced by publishing house Cedar and is not on general release, shows the Sherlock star ice driving in Finland in a convertible sports car.

这本由Cedar出版社出版的杂志并不公开发售，这一期刊登了一组本尼迪克特开着敞篷跑车在芬兰的冰天雪地里驾驶的照片。

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Described are the technical parameters, structure features and application of the convertible smelting-pot car.

介绍了两用型铁水车的技术参数、结构特点及其应用情况。

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We even have this beautiful convertible sports car.

还有这种漂亮的敞篷赛车。

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Graco designs and manufactures a full selection of top-rated car seats, everything from infant car seats and booster car seats to convertible car seats to forward facing car seats.

Graco设计和制造一个完整的选择顶级的汽车座椅，一切从婴儿汽车座椅和支持汽车座椅，座椅面对那辆敞篷汽车提出了汽车座椅。

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Red convertible car and Empress hotel. Victoria, British Columbia, Canada.

红色敞篷车和皇后酒店。维多利亚，不列颠哥伦比亚省，加拿大。

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So Beijing has clearly started out on the road to what could end up with full convertibility and ultimately reserve currency status.

因此，在通往人民币完全可兑换，并最终达到储备货币地位的路程上，北京显然已经启程。

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The Final Cut Ultimately eliminate the restrictions on the convertibility of RMB and realize its full convertibility.

最终取消人民币兑换外汇的限制，使人民币实现自由兑换。

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The chief roadblock is macro: the yuan's lack of full convertibility.

宏观上可见的主要障碍就是：人民币缺乏可兑换性。

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It is for this reason that full convertibility would come in the distant future, as this plan suggests.

正是由于这个原因，外汇兑换交易自由化才会像报告中提到的那样，变得遥遥无期。

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The question is how fast the renminbi achieves full convertibility.

问题在于，人民币需要多久才能实现完全可兑换。

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Full convertibility of the currency, of course, remains remote.

当然，人民币可完全兑换仍遥遥无期。

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Some countermeasure and recommendation on RMB's full convertibility."

对人民币实现完全自由兑换提出了对策和建议

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