债务短期的

The report notes that despite a number of real estate developers has been the renewal of short-term debt and deferred purchase payments to the deadline, but in order to cope with the end of the tax, interest payment and settlement before the Chinese New Year due to construction workers Pay cash flow, and so the pressure is expected in early 2009 housing prices will be further room for downward adjustment.

报告指出，尽管有不少地产商一直是短期债务和延期付款购买的最后期限延长，但为了应付的税款，利息支付及结算结束在农历新年，由于建筑工人支付的现金流，所以压力可望在2009年初房价将进一步下调的空间。

Finally, for ensuring performance of insurance and endowment insurance, this paper compares partial accumulation with pay-as-you-go and funds system, constructs an actuarial model of partial accumulation system, discusses actuarial estimate of shout costs and debts, long costs and debts about endowment insurance, then this paper further considers how to preserve and increase pension funds value and put forwards investment strategies based on the portfolio insurance technique to insure the performance for the going endowment policy.

最后，为保证保险和养老保险的发展绩效，比较了目前实行的部分积累的养老保险制度同现收现付、基金制对经济的影响，构建了部分积累的养老保险制度下的精算模型，讨论了养老保险短期与长期的成本与债务的精算估计，在此基础上进一步思考了现行养老保险制度绩效的保证——积累形成的养老保险基金实现保值增值的问题，提出了运用组合保险技术的投资策略。

The level of free cash flows and the shareholding ratio of major external shareholders have no significant effects on the start-ups' leverage. However, in order to avoid the firm going bankrupt, the entrepreneur has the stronger motivation to reduce the leverage when he holds more shares, and the levels of the long-term debts and the bank loans decrease significantly with the increase of the entrepreneur's shareholdings.

进一步，受创业者与股东间代理冲突不及成熟企业严重的微观经济特征的影响，自由现金流和外部大股东持股比例对创业企业资本结构无显著影响，而高持股比例使得创业者倾向于选择低的债务水平，且创业者持股对长期负债和银行货款的负向影响较其对短期负债和商业信用的负向影响更为明显。

Survey shows that the real estate industry is a major means of tax evasion: individual real estate enterprises to take advantage of off-the-books, accounting, false invoices for the apparent increase of tax evasion; part of the real estate business to avoid tax regulation, does not accurately pre - pay corporate income taxes; own Jian'an inflated costs, the cost ratio does not follow the principle of carry-over, corporate profits as the year in advance the size of carry-over costs, man-made regulation of profits, corporate income tax evasion; together to build the party issuing false invoices, the expansion of another party development costs, the transfer of profits, corporate income tax evasion; advance purchase transactions shall be pegged not to declare their taxable accounts, low-priced sale of product development, drilling policies do not take advantage of value-added tax timely clearing of land; sales garage, storage room through the non-Non-invoiced transfer income, tax evasion related taxes; way to reduce the recording of non-existent staff made售房sales royalty income, personal income tax evasion; with branches or associated enterprises business is not a normal transaction between independent enterprises, and through cross-cutting shared billing or concealed operating items, operating income to conceal tax evasion; bank into the personal housing mortgage loans credited to the "short-term borrowing" subjects, the transfer of income, tax evasion business tax, land value-added tax and enterprise income tax; will develop products for their own use, foreign donations, to cover the debt in exchange for non-monetary assets are not regarded as sales in accordance with the regulations and carry-over income, tax evasion related taxes.

调查显示，房地产业是一个重要的手段逃税：个别房地产企业利用账外账，会计，假发票的情况明显增加逃税；部分房地产业务，以避免税收调节，并没有准确地预先-支付公司所得税；夸大自己的建安成本，费用率并不遵循结转，企业利润为提前一年规模结转成本，人为调节利润，逃避企业所得税；共同建设党的虚开发票，扩大另一方开发成本，转移利润，逃避企业所得税；预购交易应盯住不申报应纳税帐户，低价销售的产品开发，钻政策不利用增值税及时交换土地；销售车库，储藏室通过非非发票转让收入，偷税漏税有关的税收；方式，以减少该记录不存在的工作人员取得售房销售版税收入，逃避个人所得税；与分支机构或关联企业的业务不是一个正常的独立企业之间的交易，并通过交叉共享帐单或隐瞒经营项目，隐瞒经营收入逃税；银行的个人住房按揭贷款记入"短期借款"科目，转移收入，偷税漏税营业税，土地增值税和企业所得税；将开发的产品供自己使用，外国捐款，用于支付债务，以换取非货币性资产不视为销售依照条例和结转收入，偷税漏税有关的税收。房价上涨后，股市下跌

Aten percent change in market interest rates would not have a material effect on the fair value of the Companys publicly traded long-term debt or its short-term cash investments.

在市场利率的 Aten 百分比变化不对公然地被交易长期的债务或它的短期现金投资的公司的公平价值产生物质的效果。

Yet, investors may have a point. Short-term external debts on a remaining maturity basis, which includes the current portion of long-term debt, stood at $194bn at the end of 2008. That compares with $200bn of foreign exchange reserves, giving Korea one of Asia's skimpiest coverage ratios.

不过，投资者或许是有理由的。2008年底，韩国按剩余期限计算的短期外债（包括长期债务的当期部分）总额为1940亿美元，而外汇储备为2000亿美元，使其成为亚洲经济体中偿债能力比最差的一个。

If quick-moving ratio High shows that the enterprises have sufficient capacity to repay short-term debt.It also stated that enterprises can be more profitable cash and accounts receivable, business would lose revenue opportunities.

如果速动比率偏高，说明企业有足够的能力偿还短期债务，同时也表示企业有较多的不能盈利的现款和应收账款，企业就失去了收益的机会。

Singer Leona Lewis and former Led Zeppelin guitarist Jimmy Page emerged as the bus transformed into a grass-covered carnival float, and the pair combined for a rendition of "Whole Lotta Love".

歌手leona刘易斯和前率领的飞艇的吉他手吉米页出现巴士转化为基层所涵盖的嘉年华花车，和一双合并为一移交&整个lotta爱&。

This is Kate, and that's Erin.

这是凯特，那个是爱朗。