A credible procedure for the orderly unwinding of a big international bank, whereby debt as well as equity holders share some of the pain, is still conspicuously lacking.
凭什么要权益持有者承担部分债务呢？大型的国际银行的有序退出还仍明显缺乏可靠的程序。
2
Convertible bonds are the bonds that are issued according to legal procedure and can convert into equity of corporate under specific conditions in a period.
可转换债券一般是指发行人按照法定程序发行、在一定时期内依据约定的条件可以转换成股份的公司债券。
3
Equity also came to differ from law in substance as well as procedure, as may be seen from one of its most important creations, the trust.