What does asset liability management mean?

asset liability management meaning in Law Dictionary

handling risk by earning profit with extra assets to pay for any liability. This is done to balance making energy as security, interest, and financial obligation amounts which can be safe.

asset liability management meaning in Business Dictionary

Risk-management strategy, geared towards earning adequate comes back while keeping a comfortable surplus of assets over debts. Its goal should stabilize the (1) earnings earning power of an entity's assets readily available for pledging as security, (2) existing and expected rates of interest, and (3) entity's debt level of comfort.