Participating life insurance can be decomposed into three parts:a fixed-income bond, a bonus option and a surrender option.

分红型人寿保险保单可以视作由三部分构成：固定收益债券、分红权和退保权。

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A participating commercial bank may only use its own account to conduct bond trading on its special bond trading seat.

相关商业银行在其债券专用席位内，只能使用本银行账户从事债券交易。

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Bond: Spend the mornings bonding with your kids as opposed to participating a daily scavenger hunt for necessary items that always seem to evaporate when you are in a hurry.

第四步： 早上要尽可能地多和孩子相处，而不要像清洁工似的迫不及待地搜索你需要的东西（他们在急急忙忙的时候，好像都蒸发了似的）。

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The apocalyptic tax consequence of being a passive investor in small business loans stops virtually all foreign investors from participating directly in the U.S. small business loan market while driving their investment dollars into the corporate bond market.

FORBES: How Washington Starves Small Business Of Foreign Capital