Looking from the backgrounds of public-private partnerships, the relationship between the third person and the agency is the civil contract bond.

从公私合作的背景来看，第三人与行政机关之间是民事合同关系。

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For the T-bond contract, any Treasure bond that has at least 15 years to the nearest call date or to maturity (if non-callable) can be used for delivery.

对于国债期货，任何距最近的赎回日或到期日（假如不可赎回）长达至少15年的国债可用于交割。

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A CDS is just a contract between a buyer, who pays a premium, and a seller, who will make a payment to the buyer if a bond default occurs.

CDS只是一份合同，买家支付保费，卖家在出现债券违约时向买家支付本息。

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The rapidly fluctuating views on where bond yields would go caused such quick spikes and falls in the 10-year government-bond futures contract a contract many investors buy to help protect their bond portfolios from losses that it pushed prices past the Tokyo Stock Exchange's limit for the amount the contract could move.

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LIFFE, and has usurped its dominance of Europe's benchmark bond contract, the German bund future.

ECONOMIST: LIFFE alone | The

Despite the high jinks and copious drinking (or perhaps because of it), their large brains came up with a way of reducing risks for bond buyers: a bilateral contract that, for a fee, enabled investors to pass on the risk of default to another party.

WSJ: Give Some Credit to Credit-Default Swaps