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.
到了这一步，我的旅行保险单像巧克力做的茶壶一样不管用了，我疼得厉害，只能递上了我的护照和信用卡。
At this stage of the game travel insurance documents seem to be about as much use as a chocolate teapot and, as the pain is severe, I hand over my passport and credit card.
尽管信用证特别要求提供的保险证明或预保单项下的保险声明，但银行仍可接受保险单以取代保险证明或和保险声明。
If a Credit specifically calls for an insurance certificate or a declaration under an open cover, Banks will accept, in lieu thereof, an insurance policy.
尽管信用证特别要求提供的保险证明或预保单项下的保险声明，但银行仍可接受保险单以取代保险证明或和保险声明。
If a Credit specifically calls for an insurance certificate or a declaration under an open cover, Banks will accept, in lieu thereof, an insurance policy.
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