immunization: BPM vs. HB vs. others

[zapped]

1) what are your thoughts on the differences in the conditions to satisfy immunization where they are different between the two texts? (PV of assets & liabilities are equal in BPM, but PV assets > PV liabilities in HB) if asked on the exam, should we site the text we are using? or list both with the text reference?
2) many of the sources use different terminology for the same things (dedicated, cf matching, horizon matching, combination matching, portfolio insurance, dynamic asset allocation, etc.). are you concerned about an exam question that was taken from one source and using terminology from another source in your answer?

[Actuarybert]

(1) I definitely wouldn't bother siting which text you're using, nor would I try to write down both sets of conditions. Just make sure that your answer is consistent with at least one of the textbooks, and you should get full credit.

(2) Don't you just love the way that every author uses slightly different terminology to refer to the same concept? Obviously, the exam committee can use whichever terminology they choose when they are writing the questions, so you need to be familiar enough with all of the terminology to be able to understand the questions. When it comes to writing your answers, just use the notation and/or terminology that you're most comfortable with. Again, as long as your terminology is consistent with at least one of the textbooks, you should be fine--i.e. I don't think they'll take off points if you use the term "dedication" instead of "cash flow matching."