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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 MatchesStepped 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 up swapStep up swapAn interest rate swap on which the notional principal increases according to a predetermined schedule. Step asideStep asideAllow a block to trade at a price at which you do not care to participate in the trade. Stepped fixed rate mortgageStepped fixed rate mortgageWhere the interest is, for example, fixed at one level for one year and then a slightly higher level for two further years. This is not as common as finding stepped discounted mortgages. Further Suggestionsstepped interest debenture stocksstepped preference shares Step up Seven Step Meeting Process Three steps and a stumble rule Step down note |
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