one of the big causes of companies not filing financial statements on time was if they had backdated the stock options.

公司是否按时发布财务报表的,一个很重要的原因,是他们是否有追溯期权。

耶鲁公开课 - 金融市场课程节选

But if they default, you can buy them at $90 and if they can't file their financial statements, you're entitled to par.

但是如果他们违约了，你可以在90美元买进0,但是如果他们没有发布他们的财务报表，你有权以票面价值购进。

耶鲁公开课 - 金融市场课程节选

So, we actually didn't really know this that couldn't file their financial statements on time.

所以，实际上我们知道这件事情直到,它没有能够及时发布财务报表。

耶鲁公开课 - 金融市场课程节选

We were interested in finding bonds trading below par where we thought there was a chance that companies would not file their financial statements on time.

我们对发现以低于票面价值进行交易的债券很感兴趣,我们认为在没有按时发布它们财务报表的公司,时机有可能发现。

耶鲁公开课 - 金融市场课程节选

the thing that made us aware that not filing financial statements was an event of default and, therefore, something that would entitle you to the payment immediately.

这件事情让我们意识到,没有发布财务报表是一种违约行为，而且是这种行为可以让你有权,要求立即付款。

耶鲁公开课 - 金融市场课程节选