# Step-down bond and bond, interest-decreasing (step-down bond)

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- Post ID: 590657
- Modified: 2023-07-25T21:12:57+00:00
- Language: en

## Definition

A bond in which the amount of the (semi)annual interest is reduced once or in several steps during the term (the coupon payable decreases over time. It could be a one-off large decrease, or a more frequent small decrease, or any other type of combination). - Accordingly, in the case of a step-up bond, the interest rate is increased. - See bond, floating rate, Eurobonds, floater, floor, conversion bond, fixed rate. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

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