One is the bid, which is what they'll pay you for a Treasury bill if you want to sell to them.

一个是买入价,就是买方愿意支付给卖方的报价,如果你想卖给他们的话

耶鲁公开课 - 金融市场课程节选

The Fed has these auctions but it auctions them off at what price the public will pay, so the Fed doesn't determine the term structure.

联储局公开拍卖债券,但只有当公众愿意以特定价格支付时,这些债券才能成交,所以联储局不能决定期限结构

耶鲁公开课 - 金融市场课程节选

I'll talk about this-- the company doesn't ever have to pay a dividend.

我来讲讲这个,公司不愿意支付股利

耶鲁公开课 - 金融市场课程节选