| 单词 | pegging |
| 释义 | pegging pegging1.(pegging the exchange) The fixing of the value of a country’s currency on foreign exchange markets. Seecrawling peg; fixed exchange rate. penalty An arbitrary prearranged sum that becomes payable if one party breaches a contract or undertaking. It is usually expressly stated in a penalty clause of the contract. Unlike liquidated damages, a penalty will be disregarded by the courts and treated as being void. Liquidated damages will generally be treated as a penalty if the amount payable is extravagant and unconscionable compared with the maximum loss that could result from the breach. However, use of the words ‘penalty’ or ‘liquidated damages’ is inconclusive as the legal position depends on the interpretation by the courts of the clause in which they appear. |
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英汉经管词典收录了6519条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。