bond immunization
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bond immunization — immunization (def. 2) … Useful english dictionary
Bond (finance) — In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest (the coupon) to use and/or to repay the principal at a later date, termed maturity.… … Wikipedia
Immunization (finance) — In finance, interest rate immunization is a strategy that ensures that a change in interest rates will not affect the value of a portfolio. Similarly, immunization can be used to insure that the value of a pension fund s or a firm s assets will… … Wikipedia
immunization — /im yeuh neuh zay sheuhn, i myooh /, n. 1. the fact or process of becoming immune, as against a disease. 2. Finance. a method of protection against fluctuating bond interest rates by investing in securities having different yields and terms.… … Universalium
Bond duration — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond … Wikipedia
Bond convexity — In finance, convexity is a measure of the sensitivity of the duration of a bond to changes in interest rates, the second derivative of the price of the bond with respect to interest rates (duration is the first derivative). In general, the higher … Wikipedia
Immunization strategy — A bond portfolio strategy whose goal is to eliminate the portfolio s risk against a general change in the rate of interest through the use of duration. The New York Times Financial Glossary … Financial and business terms
immunization strategy — A bond portfolio strategy whose goal is to eliminate the portfolio s risk, in case of a general change in the rate of interest, through the use of duration. Bloomberg Financial Dictionary … Financial and business terms
Contingent immunization — An arrangement in which the money manager pursues an active bond portfolio strategy until an adverse investment experience drives the then available potential return down to the safety net level. When that point is reached, the money manager is… … Financial and business terms
contingent immunization — An arrangement in which the money manager pursues an active bond portfolio strategy until an adverse investment experience drives the then available potential return down to the safety net level. When that point is reached, the money manager is… … Financial and business terms
