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immunization
(redirected from Immunizations)

   Also found in: Dictionary/thesaurus, Medical, Encyclopedia, Wikipedia, Hutchinson 0.09 sec.
Immunization
A strategy that matches the durations of assets and liabilities, thereby minimizing the impact of interest rates on the net worth.

Notes:
For example, large banks must protect their current net worth, whereas pension funds have the obligation of payments after a number of years. These institutions are both concerned about protecting the future value of their portfolios and therefore have the problem of dealing with uncertain future interest rates. By using an immunization technique, large institutions can protect (immunize) their firm from exposure to interest rate fluctuations. A perfect immunization strategy establishes a virtually zero-risk profile in which interest rate movements have no impact on the value of a firm.

Also known as multiperiod immunization.


Immunization
The construction of an asset and a liability match that benefits from offsetting changes in value.

immunization
A technique of investing in bonds such that the portfolio's target return is protected against interest rate fluctuations. Changes in returns at which cash flows can be reinvested are offset by changes in the value of the securities in the portfolio. See also bullet immunization.


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SPOKANE -- The Bill and Melinda Gates Foundation will give $750 million to Global Alliance for vaccines and immunizations.
The secondary immunization was administered after either 2 weeks or 8 weeks of exercise, which resulted in an unequal interval between the primary and secondary immunizations in the 2 exercise groups.
Intranasal immunizations were given using VLPs either with or without the addition of the mucosal adjuvant cholera toxin.
 
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