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

耶鲁公开课 - 金融市场课程节选

Then you're not supposed to ever do anything that's not honest or not living up to contracts, but your purpose is only one purpose: it's the shareholder.

所以你不能做任何,不诚实或者不符合合同要求的事,你的服务人群只有一个,就是股东

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They're the ones--there are other people who have contracts with the company, like the employees, but the employees are not shareholders; they are receiving salary or something else.

还有其他,和公司签订了合同的人,像员工,但员工不是股东,他们拿工资或其他东西

耶鲁公开课 - 金融市场课程节选

Generally these are called over-the-counter contracts because they're not arranged through exchanges.

通常来说 它们被称为场外交易合同,因为这种交易是在交易所之外进行的

耶鲁公开课 - 金融市场课程节选