Airlines have tapped loyalty schemes for cash before, by selling miles to credit-card firms at discounted rates.

航空公司曾利用忠诚计划来套现，将飞行里程打折卖给信用卡公司。

First, by adjusting the discount rate.

首先，调整贴现率。

One of the main ways these companies make money is through merchant discount rates.

这些公司赚钱的主要方式之一是通过商家折扣率。

And is there a discount rate for conference delegates?

蒂姆：会议代表有折扣吗？

To ramp up, the online accommodation platform is working with Airbnb hosts all over the world who want to offer their homes for free or for a discounted rate.

为了实现这一目标，这家在线住宿平台正在与世界各地希望免费或打折提供房屋的爱彼迎房东合作。

If interest rates go up a lot, then they're in trouble because the cost of money's gonna be too high to more than offset with the merchant discount rate.

如果利率上升很多，那么他们就有麻烦了，因为资金成本太高，无法抵消商人的贴现率。

Still, it is the other two elements—the value of the investment pot and the discount rate—that decide whether funded ratios soar or sink.

尽管如此，还是其他两个因素——投资池的价值和贴现率——决定了融资比率是上升还是下降。

It allows guests in covered hotels, like the New Yorker, to request a six-month lease on their hotel room at a discounted rate and become permanent residents.

它允许纽约客等受保酒店的客人以折扣价租用酒店房间六个月并成为永久居民。

One is that the discount rates used by public plans, rather than being benchmarked to a given asset market, are instead set by external committees.

一是公共计划使用的贴现率，而不是以给定的资产市场为基准， 而是由外部委员会设定的。

No, we send out invoices once the children start at the centre. You can choose to pay at the end of each term or we do offer a slightly discounted rate if you pay every month.

不用，孩子来了托儿所之后，我们会给您寄发票的。您可以选择每个学期末交钱或者，如果您每个月交一次的话，我们会稍微打个折。

Dolores Let me see … to qualify for the discount rate, you need to stay over a Saturday, which you are doing … Yes, that'll be $830.

多洛雷斯让我看看… … 要获得折扣率，您需要在星期六停留， 您正在这样做… … 是的，那将是 830 美元。

Lots of people building up a nest-egg-even one that is small relative to their working incomes-creates an imbalance that can, as a result of market forces, push rates lower than their discount rates.

许多人存养老金这种现象--即使存下来的钱相对于他们的工资来说很少--造成了一种失衡，由于市场力量的作用，这种失衡可能会导致利率低于其贴现率。

The sum has three moving parts: the value of the current investment pot, the discount rate used to calculate the present value of future payouts, and the stream of those expected future payments.

该总和包含三个移动部分： 当前投资底池的价值、用于计算未来支出现值的贴现率， 以及这些预期未来支出的流。

Well, Pfizer and Moderna—two of the major vaccine developers—have hinted that commercial prices would be between $110 and $130 per dose—that's about three to four times higher than the discounted rate the government paid per dose.

好吧，辉瑞和 Moderna 这两家主要的疫苗开发商暗示商业价格将在每剂 110 美元到 130 美元之间，这比政府支付的每剂折扣价高出大约三到四倍。

Many keep their valuation-work in house: a 2015 survey by Grant Thornton, a consultancy, found that only around a quarter of them sought an independent opinion on the growth and discount rates they use in their models.

许多人将他们的估值工作留在内部：咨询公司 Grant Thornton 2015 年的一项调查发现，只有大约四分之一的人就他们在模型中使用的增长率和贴现率寻求独立意见。

A combination of bad investment years (such as 2001 or 2008), falling discount rates, ageing populations and the political infeasibility of asking employees to contribute more has pushed a lot of DB schemes into the red in recent years.

糟糕的投资年份（例如 2001 年或 2008 年）、贴现率下降、人口老龄化以及要求员工增加贡献的政治不可行性等因素的结合，导致近年来许多 DB 计划出现亏损。