Provided with a step or steps; having a series of offsets or parts resembling the steps of stairs; as, a stepped key.

Recessed in a series of ledges.

1) A mast that is in place. 2) Where the mast is stepped, as in keel stepped or deck stepped.

Chows separated by one or two numbers.

different interest rates are paid on different amounts in the same account. e.g. 3 percent on amounts up to $10,000 and 3.5 percent on amounts over.

Stepped account is where different interest rates are applied to different portions of the account e.g first $1,000, second $1,000

A stepped account is one in which different amounts of interest are paid on different portions of the account. e.g. 2 percent on the first $1,000 and 3 percent on the second $1,000.