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When shaving the face and underarms:
Coupon
The interest rate paid by a bond, usually expressed as a percentage of the bond's face value.
Cash Flow Matching
A form of immunization, matching cash flows from a bond portfolio with those of an obligation.
Immunization
A strategy in fixed income investing that aims to make a portfolio's duration and interest rate risk match its liability obligations.
Duration Matching
An investment strategy where the durations of assets and liabilities are aligned to reduce the risk of changes in interest rates affecting the net worth.
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