What's happening is the housing market is dropping, home prices are falling, people are defaulting in record numbers, and there are foreclosures.

房地产市场在衰退,房价在下跌,违约人数破历史纪录,很多贷款买房者取消了赎回权

耶鲁公开课 - 金融市场课程节选

You're given coupon payments every six months and then, when the bond matures,you get your money back.

每六个月你会收到一次利息,当债券到期,你可以赎回本金

耶鲁公开课 - 金融市场课程节选

but the hundred and forty and four thousand, which were redeemed from the earth.

是从地球上赎回来的，144万人。

耶鲁公开课 - 弥尔顿课程节选

committed that their paper money would always and at all times be redeemable in gold.

他们的纸币将一直能够每时每刻,用金子赎回来。

耶鲁公开课 - 金融市场课程节选

Generally,you don't have to worry about optionality or call provisions and so it's math.

一般来说,没有必要去担心期权性风险,或赎回条款,就只是数学游戏

耶鲁公开课 - 金融市场课程节选

If you buy a house and you don't pay the mortgage, the contract says you lose the house-- you're out--you've got to pay or it goes back to the mortgage originator.

如果你抵押贷款买房,却没有还房贷,贷款合同规定,你将被取消赎回权,失去房子,所以你必须偿还贷款,否则你的原始贷款人就会收回房子

耶鲁公开课 - 金融市场课程节选