What is the meaning of step-ups?

step-ups is a form of callable security for which the coupon rate increases if the security is not called.

Barry Goldsmith
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APABarry Goldsmith. (2010). step-ups. Retrieved September 23, 2026, from http://smartdefine.org/step-ups/definitions/1164201
ChicagoBarry Goldsmith. 2010. "step-ups" http://smartdefine.org/step-ups/definitions/1164201 (accessed September 23, 2026).
HarvardBarry Goldsmith 2010, step-ups, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/step-ups/definitions/1164201>.
MLABarry Goldsmith. "step-ups" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/step-ups/definitions/1164201>