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Step up bond |
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Step 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 up bond Similar MatchesStep asideStep asideAllow a block to trade at a price at which you do not care to participate in the trade. Stepped discount mortgageStepped discount mortgageWhere the discount is, for example, fixed at one level for one year and then a slightly lesser level for two further years. Remember it is the percentage discount that is stepped and not the monetary amount, so your repayment can still vary. Ross, StephenRoss, StephenDeveloper of the Arbitrage Pricing Theory. Finance professor at MIT. Step upStep upTo increase, as in step up the tax basis of an asset. Stepped preference sharesStepped preference sharesPreference shares with dividends which increase annually by a specified amount and with a predetermined capital return. Further SuggestionsStep down noteStepped fixed rate mortgage Step up swap Seven Step Meeting Process stepped interest debenture stocks Three steps and a stumble rule |
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