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Cash Flow Matching

The practice of matching returns on a portfolio to future capital outlays. That is, cash flow matching 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 perform the most cash flow matching, as they have future liabilities that are both large and relatively easy to estimate. Portfolios that perform cash flow matching usually invest in low-risk, investment-grade securities. The practice is also called portfolio dedication, matching, or the structured portfolio strategy.

matching

matching

the process of matching revenues and profits with the associated expenses incurred in earning these revenues. See ACCRUALS PRINCIPLE OF ACCOUNTING.
References in periodicals archive ?
An analysis of the data indicates that almost all of the brunt has been felt in anesthesiology, where the fill rate plummeted from 73 percent in 1991 to under 18 percent in 1996, and the number of slots filled dropped by more than 80 percent (National Residency Matching Program 1996).
The National Residency Matching Program (NRMP) Main Match reflects only PGY-1 and PGY-2.
The Social Media Residency uses a medical residency metaphor, complete with residency matching, chief residents, rounding and rotations covering each of the major "specialties" in social media.