no reserve

基本解释

The emerging markets account for almost half of global GDP but have no reserve currency of their own.
新興市場中南侷全球GDP的半壁江山，卻沒有自己的儲備貨幣。
In fact, most banks have no reserve requirements at all on savings deposits, CDs and certain kinds of money market accounts.
實際上，絕大部分銀行對儲蓄存款，定期大額儲蓄存款和某幾種類型的貨幣市場賬戶根本上就沒有準備金。
Then again, with true no reserve in today's weak market, where the world is still flooded with unwanted yachts, it could go for much less.
在如今這個仍充斥著無人問津的遊艇的世界中，在疲弱的市場上進行真正的無底價拍賣，最終的成交價可能會比這少的多。

"Interest rates fixed by the Federal Reserve is price fixing and it should have no part of a free market economy."
The real difference between Federal Reserve Bank System of 1913 the most important difference and the Federal Reserve System of today is that we are no longer on the gold standard.
913年的聯邦儲備銀行系統與,儅今的聯邦儲備銀行系統之間3,不同點在於,最重要的不同點,我們不再以金本位爲基礎了。
耶魯公開課 - 金融市場課程節選

It's a fractional reserve system with no reserve requirements and no central bank control.
FORBES: Sound Advice Worth Repeating
The consigner I heard turned apoplectic as there was no reserve price put on the piece.
FORBES: Is Art Gold Or Vice Versa?