The connection between pulmonary and aortic arches in foetuses is
Ductus arteriosus
Ligamentum teres is just round ligament found at multiple places in the body (ex: round ligament of uterus, of liver)
Ductus arteriosus is a connecting vessel between pulmonary artery and proximal descending aorta, present during foetal development. It later gets obliterated and gets closed.
Foramen ovale is a connection between right and left atrium of foetal heart. Gets closed subsequently.