单词 | fixed rate |
释义 | fixed rate in Finance (fɪkst reɪt) Word forms: (regular plural) fixed rates noun (Finance: Banking) A fixed rate is an interest rate that is set to remain the same for the term of a loan. With a two-step mortgage, the borrower receives a fixed rate for a specified number of years, and then a new interest rate based on the termsin the note. Money is lent to you for a fixed period, at a fixed rate of interest and repayments are calculated at the start of the loan. A fixed rate is an interest rate that is set to remain the same for the term of a loan. |
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