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escrowed to maturity

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Escrowed To Maturity
The condition of a bond that has been repaid in advance by means of an escrow account, which holds the funds needed to pay the periodic coupon payments and the principal.

Notes:
The escrowed funds set aside for a company's debt obligations are usually invested in short-term debt securities - usually low-risk government bills - in order to protect the funds from inflationary depreciation.

Escrowed to Maturity (ETM)
Holding of the proceeds from a new bond issue to pay off an existing bond issue at its maturation date.
escrowed to maturity
Used to describe a bond that has been prerefunded to the degree that cash flows will match the debt obligation to the retirement date.
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The series 2001A serial bonds maturing June 1, 2006-2011 are escrowed to maturity.
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The serial bonds maturing May 15, 2007-2010 have been escrowed to maturity.
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All other 2003A bonds will be escrowed to maturity.
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