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The contract has to specify what are the causes of, let's say, death or a situation in which one is covered.
合约中必须指明,合约建立目的，比如说，死亡或者承保的是什么情况。
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You put some inputs in, it has a contract that says if you put the right kind of inputs in you'll get a specific output coming out, but you don't have to know what's inside of that box.
你可以将输入一些内容,它相当于一个条件合约,如果你的输入是正确的，你就能得到特定的输出,但是你不知道盒子里面有些什么。
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Suppose someone has a contract that promises to pay an amount each period over a number of years.
假设某人有一份合约,承诺在数年内的不同时段内分开支付
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It is conditional. So this is our first bilateral, conditional covenant.
它是由条件的，所以这是第一个双边，有条件的合约。
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So shortly after 9/11 the Government made a contract to a company called Acambis to make four hundred million doses of smallpox for $343 million dollars.
11后不久 政府与一个叫做,阿坎比斯的公司签订了合约,目的是用3.43亿美元,制造四亿支天花疫苗
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And so if you sign a contract with the government for millions of dollars, you have guarantee to get your dollars back, plus whatever profits they allowed in the contract.
所有如果你和政府签订了合约,做了一个百万的大单子，你能保证拿到钱，和其他的利润,在合同里规定的利润。
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They said, would you sign a contract that if you had this loss the contract would pay you a certain amount of money?
他们是这样说的，你会签署一个合约,上面约定了，当你发生损失,你会得到合约中约定的赔偿金？
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I need a contract that says, here's what I want in terms of things that you're going to take as input, to begin your part of the drama, here's what you're going to produce at the output, and the details of what they do inside are up to them.
这些作家相互沟通进行工作呢？,我需要一封规格说明书,我需要一份合约，上面列出了我想要你做的事，这些是你要再开始时做的输入,这些是你要的输出,细节工作就取决于它们了。
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Well I'm relying on the contract, if you like, that the manufacturer of square root put together, which is, if I know I'm giving it two floats, which I do because I make sure they're floats, the contract, if you like, of square root says I'll give you back a float.
好吧我能靠一些类似合约来保证，如果这么说你喜欢的话,其实就是当求平方根的方法,获得了两个我已经确认了是浮点数的数后,这个类似合约的东西就会保证，返回一个浮点数。
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These insurance contracts have come across gradually through time as we develop the theory and-- I'll talk about the growth of insurance and about some of the components of it.
随着保险理论的发展,保险合约逐渐被人们认同,下面我要讲一下保险的发展历程,以及其中一些值得关注的部分
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We also have standardized contracts that are traded on exchanges and they're called futures contracts.
也有在交易所中交易的,标准化合同,它们被称做期货合约
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And that abstraction is really important.
这种合约是非常重要的。
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What you could do hundreds of years ago-- and can still do it today-- was go to a bank and present this bond or IOU and say, "What will you give me for it?"
在数百年前你们能做的,在今天还是能够做到的就是,到银行出示这份合约或欠条,问,你们根据它能给我多少钱
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It says the price index contained this amount of beef, this amount of sheep wool, this amount of sole leather, and this amount of corn; that was the first consumer price index ever used for financial contracts.
指数中包括这些数量的牛肉,这些数量的羊毛,这些数量的鞋底皮,这些数量的玉米,这是在金融合约里出现的,第一个消费者物价指数
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