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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 obligated to pursue an immunization strategy to lock in the safety-net level return.

 
 Embedded terms in definition
 Active
Bond
Immunization strategy
Immunization
Money manager
Point
Portfolio
Return
 
 Related Terms
 Contingent claim
Contingent deferred sales charge
Contingent order
Contingent pension liability
Contingent securities
Immunization
Immunization strategy
Multiperiod immunization

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