Others have borrowed against the stuff.

还有人用这些物品作为抵押进行贷款。

But I can borrow against the mortgage.

我可以拿房子作抵押去贷款。

The question is: Can I borrow against my mortgage?

问题是 我能抵押贷款吗？

It is because he needs a currency to borrow against to make those big bets on certain companies.

这是因为他需要一种货币来借款， 以便对某些公司进行大额押注。

They sort of pioneered this whole model called the Macquarie model of borrowing against an existing infrastructure, and they really made the most out of privatisation.

他们开创了整个模型， 称为麦格理模型， 以现有基础设施为抵押进行借贷，他们确实充分利用了私有化。

Essentially, they can borrow against the stable cash flows that are generated by having crucial, essential public sector infrastructure. It provides the security. So it's a bit like having a house.

从本质上讲，他们可以通过拥有关键的、必要的公共部门基础设施产生的稳定现金流来借款。它提供了安全性。所以这有点像拥有一座房子。

SCHRAGER: So it starts when you're born, and you're building up human capital through education, and, you know, you might have to borrow against that, or maybe someone else is making an investment in you.

施拉格：所以它从你出生的时候就开始了，你正在通过教育建立人力资本，而且，你知道，你可能不得不借钱做抵押，或者其他人可能正在对你进行投资。

In a way it represents a model of infrastructure investment that's become incredibly popular worldwide and it uses private finance to invest in infrastructure and essentially borrows against these stable cash flows that they get from customers.

在某种程度上， 它代表了一种在全球范围内非常受欢迎的基础设施投资模式， 它利用私人融资来投资基础设施， 并基本上以从客户那里获得的稳定现金流为抵押进行借款。