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Escrowed To Maturity refers to
Bonds that have been refunded and a portfolio of securities, usually
treasuries, have been set aside to pay of the bonds at maturity. Generally, all prior optional calls have been eliminated, or deceased. Because of the U.S. Treasury backing,
Escrowed To Maturity bonds are considered the safest municipal bonds
available and trade on the market as rich triple-A.
Also See: Bond
Ratings
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Escrowed To
Maturity
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