Just as house insurance will cost more for those living next to a fireworks factory, a CDS becomes more expensive when the finances of the bond issuer deteriorate (see chart).
就跟住在烟火制造厂家附近的居民要多付房屋保险一样,当国债发行人的资金状况日益恶化情况下,信用违约掉期也会变得更贵。
They are also entitled to cost-of-living increases of 3% a year, health and dental insurance for life and lump-sum payments for unused sick leave that could reach hundreds of thousands of dollars.
同时,他们还可以拿到每年增长3%的生活补贴,终生的健康及牙齿保险以及一次性付清的总额达到几十万美元的病假工资。
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