|
|
Step down note |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Step down noteA floating-rate note whose interest rate declines after a specified period of time.Step down note Similar MatchesStepped interest debenture stocksStepped interest debenture stocksA debenture stock where the rate of interest payable to lenders is increased in stages over the initial life until a certain rate is reached. Thereafter, the rate remains fixed until the redemption date. This type of debenture is advantageous to an investment trust in that interest payments will be lower than the norm in the initial years (whilst the trust consolidates its growth) and above the norm in the later years (when it will be expected that the trust's assets can afford the extra interest). Step up bondStep up bondA bond that pays a lower coupon rate for an initial period, and then increases to a higher coupon rate. Related: Deferred-interest bond, payment-in-kind bond. Step asideStep asideAllow a block to trade at a price at which you do not care to participate in the trade. Step upStep upTo increase, as in step up the tax basis of an asset. Ross, StephenRoss, StephenDeveloper of the Arbitrage Pricing Theory. Finance professor at MIT. Further SuggestionsStep up swapSeven Step Meeting Process Stepped fixed rate mortgage Stepped discount mortgage stepped preference shares Three steps and a stumble rule |
|
|
|