Escrowed to Maturity

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Escrowed to Maturity (ETM)

Holding of the proceeds from a new bond issue to pay off an existing bond issue at its maturation date.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Escrowed to Maturity

Describing a bond that has had its proceeds placed in an escrow account until another bond matures. That is, the issuer places the funds from the ETM bond into an account to set them aside in order to pay off a second bond at its maturity.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Shuttleworth & Ingersoll provided legal counsel to ETM.
With the availability of ETM, the patients can expect a quick, comfortable non-contact exam that takes less than one second, stated the company.
Thirty-one (62%) patients underwent EBUS-TBNA for lung cancer staging and 19 (38%) for the evaluation for mediastinal metastasis of ETM. A total of 120 lymph nodes with diameters between 8 mm and 34 mm were sampled.
Rats were randomly divided into three groups: (1) Sham group ( n = 12), rats underwent all the operation procedure except for the placement of orthodontic forces and received saline treatment; (2) ETM group ( n = 12), rats received saline treatment and ETM; (3) DSS + ETM (DETM) group ( n = 12), rats received DSS treatment and ETM.
A determinacao da ETm pode ser feita a partir de modelos matematicos que incluem variaveis meteorologicas internas ou externas a estufa e referentes as plantas.
That's when the Education Through Music (ETM) charity stepped in to help.
Bernstein--who famously moved a piano into his comer office when he worked at Trammel Crow Company--performed a duet with Grammy Award-winning violinist Joshua Bell and accompanied over 100 ETM musicians and singers during the gala.
Exercise to Music Classes (ETM) are held at the same time in the other part of the hall and this inevitably makes it difficult for badminton players to hear calls that avoid clashes of racquets and bodies.
To aid the decision making process A T Kearney has developed the "Energy Transition Model" (ETM), which brings together extensive data collected over many years of working in the sector, and which allows users to try out different scenarios of prices, regulations, technology costs and infrastructure build up to 30 years into the future.
Summary: ETM International the British record label behind the international artist Sami Yusuf, has postponed Yusuf's concert in Amman .
International Resource News-8 April 2010-AECOM's ETM JV receives two contracts(C)2010 ENPublishing - http://www.enpublishing.co.uk
The Federal Housing Administration (FHA) reached a settlement agreement with a recently suspended lender--Baltimore-based Equitable Trust Mortgage Corporation (ETM).