Escrow to Maturity financial definition of Escrow to Maturity
Escrowed to Maturity (redirected from Escrow to Maturity)
Escrowed to Maturity (ETM)
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
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.
References in periodicals archive
84% Pre refunded / Escrow to Maturity
> > 27.