escrowed to maturity

escrowed to maturity definition - business

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.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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