Note that carries a floating interest rate that eventually declines after a pre-determined amount of time has passed.
Related information about step down note:
- Step-Down Note - Financial Dictionary - The Free Dictionary
Definition of Step-Down Note in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is Step-Down Note? Meaning of Step-Down ...
- Step Down Note - Financial Dictionary - The Free Dictionary
(redirected from Step Down Note). 0.02 sec. Step-down note. A floating-rate note whose interest rate declines after a specified period of time. Step-Down Note ...
- step-down - definition of step-down by the Free Online Dictionary ...
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- What is step down note? definition and meaning
Definition of step down note: Note that carries a floating interest rate that eventually declines after a pre-determined amount of time has passed.
- Step Down Note: Definition from Answers.com
type of floating rate whose interest rate declines at specified times in the course of the loan. Previous: Steenth , Sta.
- * Step up - (Business): Definition
Step-down note ... >>> http://www.mergerplace.com/pop/glossary?chapter=S. Step Up Lease A lease that allows for increases to rental payment at certain time ...
- * Floating-rate note - (Business): Definition
http://finance.kalpoint.com/glossaries/money-glossary/s.html. Step-down note. A floating-rate note whose interest rate declines after a specified period of time.
- Step Down Transformers
A practical application of this 2 to 1 turns ratio would be a 480 to 240 voltage step down. Note that if the input were 440 volts then the output would be 220 volts.