circulating pledge
英 [ˈsɜːkjəleɪtɪŋ pledʒ]
美 [ˈsɜːrkjəleɪtɪŋ pledʒ]
流动抵押（品）（旧译：流动质押）
双语例句
- The so-called bill financing mainly refers to the instrument parties mobilizing and circulating funds by means of bill discount, bill transference and bill pledge.
所谓票据融资，主要是指票据当事人以票据贴现、票据转让以及票据质押的方式调度资金、融通资金。