Usually means: Bond with decreasing interest rates.
Definitions Related words Mentions
We found 4 dictionaries that define the word step down note:

Business (4 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. INVESTORWORDS (No longer online)
  3. Step-down note: Bloomberg Financial Glossary
  4. Step-down note: Financial dictionary

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