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Glossary > S > "Step-up bond" Definition

Step-up bond

A bond that pays a lower coupon rate for an initial period which then increases to a higher coupon rate. Related: Deferred-interest bond, Payment-in-kind bond.

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Step-up bond - A bond that pays a lower coupon rate for an initial period which then increases to a higher coupon rate. Related: Deferred-interest bond, Payment-in-kind bond.

Step-up bond : a bond that pays a lower coupon rate for an initial period which then increases to a higher coupon rate. related: deferred-interest bond, payment-in-kind bond.