在信用违约掉期条款下，一方为了保护自己免受国债发行者债务违约的风险，支付一定年费（相当于保险费）给第三方，让第三方来承担相应的风险。
Under a CDS, one party seeks to protect itself against the default of a bond issuer by paying an annual sum—the equivalent of an insurance premium—to someone else who wants to take on the risk.
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。
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.
使用信用卡支付也要收费，另外还有保险费。
Another charge for paying by credit card, and another for insurance.
应用推荐