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The construction of an asset and a liability match that benefits from offsetting changes in value.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
According to the state-run newspaper, Al-Ahram, parliament speaker, Ali Abdel Aal, approved the report from the constitutional and legislative committee to lift the parliamentary immunity granted to Eisa for the sake of resuming the prosecution's interrogation with him over the aforementioned charges.
'[The] waiver of sovereign immunity from suit is common when a state borrows or transacts with private entities, but not in official development assistance (ODA) loans between states or with multilateral lenders like World Bank,' Carpio told the Inquirer.
'Even in loan agreements between states and private lenders, such wholesale waiver of sovereign immunity is unheard of,' he said.
immunity is based on statutory interpretation of the Sherman Act; (7)
immunity, by contrast, has nothing specifically to do with antitrust
Such derogation is possible over necessity to ensure immunity to certain officials having constitutional status and performing important state functions.
Immunity of the ex-president is an indispensable element of the constitutional provisions on legal guarantees for functioning head of state.
Jacqueline Logan, M.P.H., from the University of Minnesota in Minneapolis, and colleagues surveyed 554 Minnesota residents aged ≥18 years to examine their understanding of herd immunity and their history of and plans to receive influenza vaccine.
The researchers found that 37.2 percent of participants did not know about herd immunity; 75.6 percent thought that influenza vaccination coverage was higher than reported in their county.
For those still confused, impunity is not related to immunity in any shape, size or form.I decided to help out those leaders who have expressed their wish to be granted immunity from prosecution while in office.