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

耶鲁公开课 - 金融市场课程节选

Well, in '26, the-- i've shorted the one-period bond and so I have to pay out one dollar, but that's exactly what I wanted to do.

6年 我卖空的一年期债券到期了,我需要偿还一美元,不过这恰是我要做的

耶鲁公开课 - 金融市场课程节选

Remember, I said I'm doing this because I expect to have a hundred pounds-- I said one dollar-- I'm going to have to pay out a hundred pounds because this one-period bond, worth one hundred pounds principal, is coming due so I have to pay it out.

回想一下,我说过我会这么做,是因为我会得到一百英镑,我口误说成了一美元,我将要偿还的数额是一百英镑,因为这张一年期,一百英镑面值的债券即将到期,于是我不得不将其支付

耶鲁公开课 - 金融市场课程节选