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

Price Immunization

A strategy of matching assets to future liabilities. That is, price immunization involves investing in certain securities with a certain expected return so that the investor will be able to pay for future liabilities. Pension funds and annuities use price immunization more than many investors because they have future liabilities that are both large and relatively easy to estimate. Portfolios that practice price immunization usually invest in low-risk, investment-grade securities. See also: Portfolio dedication.


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.
References in periodicals archive ?
The Seventh Circuit also declined to address the question concerning the Supreme Court's treatment of the Eleventh Amendment as a protection of absolute or restrictive immunity for the states.
the Seventh Circuit considered whether a state plaintiff who initiated an action in a federal district court to appeal an adverse administrative ruling had waived its sovereign immunity rights as to the defendant's counterclaims within the same suit.
The UN has a principled stand against this kind of absolute immunity," he said during a press conference.
the world of foreign official immunity as it existed before the Samantar
Department suggestion of immunity, and the effect of State Department
TO understand the Court's double sovereign immunity rule is
The formula was made public by the AK Party's Adyyaman deputy, Mehmet Metiner, referred to as the party's "secret spokesperson," who said his party is working on a formula to avoid possible crises emerging from the immunity row.
foreign sovereign immunity, allowing some suits against foreign states;
The ACCC regularly reviews the effectiveness of its immunity policy.
The United States expresses no view on the merits of plaintiffs' claims against Prime Minister Singh", the suggestion of immunity submitted in the Federal Court further statesd
He said in a statement to the / NINA / that "The MP, of the province of Anbar, Ahmed al-Alwani enjoys parliamentary immunity so far, which has not been lifted yet to be arrested , pointing out that" the arrest of an MP enjoys parliamentary immunity is illegal .
Immunity Project is a team of scientists and entrepreneurs who are developing a revolutionary vaccine platform using an entirely novel approach: to adopt the unique targeting capability inherent in HIV controllers to give everyone that same immunity to HIV/AIDS.