In a
contingent immunization strategy, the dollar amount of the
return at which the contingent immunization takes place. In a contingent immunization strategy, an asset manager or
investor makes
investments at varying
risks until something goes wrong. When an investment suffers a
loss and brings the
portfolio down to some pre-defined
return, the asset manager or investor begins making low- or no-
risk investments that guarantee that same pre-defined return. The dollar amount of that return is the dollar safety margin.