Stepped
From ACT Wiki
1.
Calculation of tiered interest at higher rates on larger balances, where the interest is calculated in increments on the balance that falls within that step only.
2.
Increasing a lending margin over time.
1.
Calculation of tiered interest at higher rates on larger balances, where the interest is calculated in increments on the balance that falls within that step only.
2.
Increasing a lending margin over time.