破产人

"Where the drawee is bankrupt, presentment may be made to him or to his trustee or assignee;"

如付款人破产，可向该付款人或其受托人或财产管理人作承兑提示

4 Loss damage or expense proximately caused by delay, even though the delay be caused by a risk insured against expenses payable under Clause 2 above

4.5 船舶所有人、经理人、承租人或经营人的破产或财务困境引起的灭失、损害或费用。

1 Unseaworthiness of vessel or craft or unfitness of vessel or craft for the safe carriage of the subject-matter insured, where the Assured are privy to such unseaworthiness or unfitness, at the time the subject-matter insured is loaded therein

由于船舶所有人、经理人、承租人或经营人的破产或财务困境造成的灭失、损害或费用除外，被限于被保险人知道或应当知道因该原因会导致航程落空或受阻风险的情形。

As risk has become bewilderingly dispersed, so too has information. Nobody yet knows who will bear what losses from mortgages—because nobody can be sure what those loans are really worth. Nobody knows if tighter lending standards will oblige borrowers to raise more capital, triggering more sales in stockmarkets and more pain. Nobody knows how messy the inevitable bankruptcies will turn out to be.

风险迅速扩散，信息也迅速传播，没有人知道谁会在抵押贷款中蒙受损失——因为没有人能确定手头的贷款值多少钱；没有人知道，如果货币政策会不会紧缩，那样借款人要付更多的钱，大家会抛出股票，损失更加惨重；没有人知道不可避免的银行破产会造成怎样的混乱局面。

If the drawer or indorser is bankrupt, a refund may notice issued to the parties or the trustee himself.

10如出票人或背书人破产，退票通知得向当事人本人或受托人发出。

The core of bankrupt law system is to be returned back equally of each creditor, the person of the warrant power can be performed in bankrupt procedure.

破产法律制度的核心是使各债权人公平受偿，担保权人在破产程序中的别除权能得以行使。

Not in my mind. I imagined the worst. I anticipated burly bald man wearing bandannas, riding around on motorcycles and harassing voters. I imaged a bankrupt candidate, making a banal speech to a bored crowd, and claiming those his bankruptcy will not interfere with his government duties. I even expected the ballot box to be wrapped in barbed wire, with blood dripping from some of the barbs.

我看未必。我做了最坏的打算：我指望看到些戴大手帕的高大秃顶男孩，她们骑着摩托车四处骚扰投票者；我想象着唯一破产的候选人的样子，大部分人不耐烦的听着他乏味的演说，他还一面声明破产不会效果他执政；我甚至能看到裹着钢丝网的投票箱，血液正从倒钩上一滴滴落下来。

But the gains of bargains are of a more doubtful nature; when men shall wait upon others' necessity, broke by servants and instruments to draw them on, put off others cunningly that would be better chapmen, and the like practices which are crafty and naught.

但议价交易的收益，其性质就值得怀疑了：他们将等待别人的困难，利用仆人和手段拉这些人上钩，导致他们破产，他们还将狡猾地排挤可能比较好的小商，或采取类似的狡诈不良行为。（ broke 是形容词，表示&破产&。

The Dealer shall have the right whenever in the Dealer's sole discretion, the Dealer shall consider it necessary for the protection of the Dealer, because of margin requirements or otherwise, or, in the event that a petition in bankruptcy, or a petition for the appointment of a receiver, is filed by or against the Client or, when an attachment is levied against the account of the Client with the Dealer, or, in the event of the death or judicial declaration of incompetence of the Client, to: satisfy any obligation the Client may have to the Dealer (either directly or by way of guaranty or suretyship) out of any property belonging to the Client in custody or control by the Dealer, sell any or all positions long in the Client's account, buy any or all positions which may be short in such account, and, cancel any outstanding orders in order to close the account or accounts of the Client, all without demand for margin or additional margin, notice to the Client, the Client's heirs, executors, administrators, legatees, personal, representatives or assigns, of sale or purchase or other notice or advertisement and whether or not the ownership interest shall be solely the Client's or jointly with others.

当交易商按其全权酌情决定权认为基於按金需求或其他原因而有必要保障交易商，或客户提出或被提出破产或委任破产管理人之呈请时，或客户在交易商之账户被扣押时，或客户死亡或法庭宣布无行事能力时，则交易商有权：以交易商为客户保管或控制之任何属於客户之财产偿还客户直接或以保证或担保形式所欠交易商之任何负债，沽售任何或全部客户账户内之买空位置，买入任何或全部有关账户之沽空位置，及取消任何未执行之交易指示以结束客户之账户。以上行动均毋须要求按金或要求增加按金，亦毋须向客户，客户之继承人，遗嘱执行人，遗产管理人，遗产继承人，个人代表或承让人发出买卖通知，其他通知或公布，不论客户是否独自拥有或共同拥有有关业权。

The Company shall have the right whenever in the Company's sole discretion, the Company shall consider it necessary for the protection of the Company, because of margin requirements or otherwise, or, in the event that a petition in bankruptcy, or a petition for the appointment of a receiver, is filed by or against the Client or, when an attachment is levied against the account of the Client with the Company, or, in the event of the death of judicial declaration of incompetence of the Client, to: satisfy any obligation the Client may have to the Company (either directly or by way of guaranty or suretyship) out of any property belonging to the Client in the custody or control of the Company, sell any or all positions long in the Client's account, buy any or all positions which may be short in such account, and, cancel any outstanding orders in order to close the account or accounts of the Client, all without demand for margin or additional margin, notice to the Client, the Client's heirs, executors, administrators, legatees, personal representatives or assigns, of sale or purchase or other notice or advertisement and whether or not the ownership interest shall be solely the Client's or jointly with others.

当公司按其全权酌情决定权认为基於按金需求或其他原因而有必要保障公司，或客户提出或被提出破产或委任破产管理人之呈请时，或客户在公司之帐户被扣押时，或客户死亡或法庭宣布客户无行事能力时，则公司有权：以公司为客户保管或控制之任何属於客户之财产偿还客户直接或以保证或担保形式所欠公司之任何负债沽售任何或全部客户帐户内之买空位置，买入任何或全部有关帐户之沽空位置，，及取消任何未执行之交易指示以结束客户之帐户。以上行动均毋须要求按金或要求增加按金，亦毋须向客户、客户之继承人、遗嘱执行人、遗产管理人、遗产继承人、个人代表或承让人发出买卖通知、其他通知或公布，不论客户是否独自拥有或共同拥有有关业权。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。