单词 | price immunization |
释义 | price immunizationDefinition An investing approach that involves the purchase of securities with a certain return as estimated by an asset-pricing model, enabling the investor to cover future liabilities. A typical portfolio is made up of investments with low uncertainty, such as bonds with a medium or high rating. Because of their large and estimable future liabilities, annuities and pension funds use this strategy more than most investors. |
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