It is a big holder of "hung" leveraged loans and bonds, mostly related to buy-outs agreed on in the credit bubble.

它是杠杆交易贷款和债券产品的最大持有者，且大多数是在信贷泡沫时期达成的协议。

youdao

If the holder loses the interest, it's no big deal.

如果持有人失去了利息，这样就不会有大的交易。

youdao

A CDS works like a fire-insurance policy: the holder pays a regular premium, but if the house burns down there is a big payoff.

一个信用违约互换就象一张火灾保险单：持有人定期支付保险费，但是假如房屋被烧毁，就有一笔大额偿付。

youdao

You have an incentive to say, because you're the equity holder, you have an incentive to say, hey why don't I just take some big gamble here and not tell anybody.

因为你是这家公司的股东,可能就有动力促使你这样想,我干嘛不来赌上一把呢,我不会告诉别人的

耶鲁公开课 - 金融市场课程节选

In the deal, Freeport-McMoRan (NYSE: FCX) will also acquire Plains Exploration, which is a big holder of MMR shares that it received when selling Moffett its portfolio of shallow Gulf acreage a few years back.

FORBES: Freeport-McMoRan Rescues McMoRan Exploration In $20 Billion Gulf Of Mexico Deal

At dawn today I went outside and put my big flag in its holder, feeling a sudden wave of emotion.

FORBES: Raising The Flag For An Old Vet Today

It allows the holder to block big acquisitions, mergers or break-ups, but not much else.

ECONOMIST: Russian oil