If no catastrophes occur over the designated loss level during the life of the bond, investors get back their principal and a premium.

如果在债券存续期内没有发生超越制定损失程度的大灾难，投资者可以取回本金以及取得高溢价。

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In fact, premium and tax are essentially different in the prospect of law, and the "revenue legal principal" is not suitable to the premium in social insurance.

事实上，社会保险费与税收的法理基础存在本质的不同，由此决定了二者在缴费义务人之权利主体地位、征收原则乃至“税收法定原则”适用方面均存在较大差异。

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The holder of a bond rated single-B gets scarcely 3.5 percentage points of premium to compensate for what are sure to be nasty losses of principal whenever a recession hits.

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