| || InvestHub.com's |
Finance Dictionary and Glossary of Investment Terms
A 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.
A bond that pays one coupon rate for an initial period followed by a higher coupon rate.
A bond that pays an initial coupon rate for the first period, and then a higher coupon rate for the following periods.