The results show that the strategy of risk immunization proposed in this paper is very effective at the interest risk management of the default-free bond.

结果表明，所提出的风险免疫策略能有效地防范和控制无违约债券的利率风险。

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In case of single-factor interest rate models, there is only one state variable, the default-free instantaneous interest rate.

单因子利率模型中，只设定一个状态变量，即无违约风险的瞬时利率。 瞬时利率的运动变化决定了整个利率期限结构的运动变化。

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One way to visualize the damage from ZIRP is to recognize that the spread between real and nominal interest rates is analogous to the spread between rates on default-free and risky debt.

FORBES: Magazine Article

My agency, Old Pueblo Community Services, provides free default and foreclosure prevention counseling services to home owners in need.

WHITEHOUSE: Counseling for Better Outcomes

Since Metro IE is plug-in-free by default, Flash works without any additional setup required. (If you want to disable Flash in the desktop version, though, you'll find that option in the add-on manager.) And in case you're wondering about Flash's diminished role on mobile devices, well, we're told it'll work with both x86 and ARM devices.

ENGADGET: Windows 8 Release Preview detailed impressions