value paper

• 有价证券,有价凭证

value paper的用法和样例：

例句

1. A bona fide holder for value takes free from any defect inthe title of his predecessors.
   有价证券善持有人有受前手所有权缺陷的影响。
2. For income in negotiable securities, the taxable amount of income shall be determined on par value and market price.
   所得为有价证券的，根据票面价格和市场价格核定应纳税所得额。