The first step is to take yields on gilts (government bonds) and treasury bills (the closest instrument to cash) in each year and rank them in descending order of the gap.
第一步，每年通过金边债券（国债）和短期国债（与现金就接近的金融产品）获得收益，并且依收益差距递减排列。
Such people, land-rich but cash-poor, may now submit their credits to the state treasury for a full cash refund whenever the state budget is in surplus.
象他们这种情况——农场牧场万顷，钱袋空空如也——现在可以将所得税扣除额提交给州财政，只要州财政预算有赢余，就能要求全额现金返还。
This problem was temporarily fixed by the 1603 Treasury grant Program (TGP), which provides developers with the option to receive a cash grant in lieu of the tax credits.
这个问题暂时通过“1603财政部资助项目【1603 Treasury Grant Program (TGP)】”得到了解决，它为开发商提供的选择是让其接受现金拨款以代替税收抵扣。
Cautious or fearful consumers save in safe forms, such as insured bank deposits, Treasury bills, or cash.
谨慎或胆怯的消费者会以例如银行担保定期存款、国债或现金这样的安全方式进行储蓄。
Until a few weeks ago, investors weren't even thinking about preparing for a recovery, hoarding cash and U. S. Treasury bonds and defensive stocks that would perform better than most in a recession.
就在数周之前，甚至还难以想像投资者会为经济复苏作准备，他们囤积现金、美国国债和抗跌性股票，因为这些资产在衰退时表现强于大多数资产。
Treasury, depository institutions, foreign Banks and official institutions, as well as vault cash in depository institutions are excluded.
美国国库中的存款、储蓄机构，外国银行和官方机构，甚至备用现金，都不包含在其中。
In order to calculate intrinsic value, you take those cash flows that you expect to be generated and you discount them back to their present value - in our case, at the long-term Treasury rate.
为了计算内在价值，你需要把预期产生的现金流折现为现值——我们用的是长期国债收益率。
In order to calculate intrinsic value, you take those cash flows that you expect to be generated and you discount them back to their present value - in our case, at the long-term Treasury rate.
为了计算内在价值，你需要把预期产生的现金流折现为现值——我们用的是长期国债收益率。
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