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.

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。

youdao

These bonds allow investors to diversify their assets and pay much higher interest rates to compensate for the risk of the issuer not repaying the principal in the event of a major catastrophe.

这些债券让投资者得以实现资产多元化，而且这些债券的利率很高，可以补偿发行机构在巨灾发生后本金得不到偿付所带来的风险。

youdao

Most commentators agree that bonds issued by companies offer spreads over treasuries that more than compensate for the risk that the issuer might default.

大多数评论家认为，公司债券所提供的高于国债的利差足以补偿因企业违约可能带来风险。

youdao

Beyond validating the inclusion of HP on our risk list, the announcement provided the latest illustration of the importance of forensic accounting in the analysis of issuer risk.

FORBES: Clients Flounder And Fail But Auditor PwC Prevails

As such, it carries the credit risk of the issuer, in this case Barclays.

FORBES: SGG Is A Sweet Buy

There are strategies that can be used without exposing yourself to significantly more credit risk (the risk of a bond issuer defaulting).

FORBES: Bond Strategies For A Low-Yield Environment