Step-Up Bond
A bond that pays an initial coupon rate for the first period, and then a higher coupon rate for the following periods.

Investopedia Says:
In other words, the coupon "steps up". For example a five-year bond may pay a 4% coupon for the first two years of its life and a 6% coupon for the final three years.

Related Terms:
Bond
Bond Ladder
Canary Call
Coupon
Coupon Bond
Fixed-Income Security
Sinking Fund

• Fiscal Year-End
• Fiscal Year (FY)
• Fiscal Year (FY)
• Fisher Effect
• Fisher's Separation Theorem
• Fitch Sheet
• Five Against Bond Spread (FAB)
• Five Against Bond Spread (FAB)
• Five Against Note Spread (FAN)
• Five Cs Of Credit
• Five-Year Rule
• Fixed Annuity
• Fixed Asset
• Fixed-Charge Coverage Ratio
• Fixed Cost
• Fixed Exchange Rate
• Fixed-For-Fixed Swaps
• Fixed-For-Floating Swap
• Fixed Income
• Fixed-Income Arbitrage
• Fixed Income Clearing Corporation (FICC)
• Fixed Income Clearing Corporation (FICC)
• Fixed-Income Security
• Fixed-Income Style Box
• Fixed Interest Rate