地方政府发行债券之门打开

词汇讲解：

1. launch vt. 开办;发起;使开始从事
例句：We launched a new project.
我们开始从事一个新项目。

2. issue vt. 出版, 发行
例句：The government issues money and stamps.
政府发行货币及邮票。

3. trial adj. 试验的;试制的
例句：He was hired for a three month period on a trial basis.
他受雇试用三个月。

4. alternative n.取舍, 抉择, 可供选择的事物；选择的余地, 可供选择的机会
例句：The only alternative to being taken prisoner was to die fighting.
除了当俘虏之外, 惟一的选择就是奋战至死了。

5. solvency n. 偿付能力
例句：Fears about the solvency of the banks precipitated the great economic crash.
对银行偿付能力出现恐慌更加速了经济的崩溃。

6. behalf n. 代表;利益
例句：I wrote several letters on his behalf.
我代表他写了好几封信。

7. lack vt.缺乏; 缺少
例句：We lack neither food nor clothing today.
如今, 我们不愁吃, 不缺穿。

8. bypass vt. 绕过, 避开；不顾
例句：He bypassed his colleagues on the board and went ahead with the deal.
他未征求董事会中同事的意见就做了这笔交易。

9. accumulation n. 积累；积攒；积聚；堆积
例句：Her only interest was the accumulation of money.
她唯一的兴趣是攒钱。

10. supervision n. 监督, 管理
例句：The work was done under my supervision.
这项工作是在我的监督之下完成的。