fixed-rate

fixed-rate
fixed rate UK US noun [C]
FINANCE an interest rate on a loan that is fixed when the loan is taken out and that does not change: »

a buy-to-let loan at a fixed rate of 4%

Compare FLOATING RATE(Cf. ↑floating rate), VARIABLE RATE(Cf. ↑variable rate)
fixed-rate adjective [before noun]
»

We took out a 3-year fixed-rate mortgage.


Financial and business terms. 2012.

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Look at other dictionaries:

  • fixed rate — n: a rate (as of interest) that stays the same a mortgage with a fixed rate Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • fixed-rate — fixedˈ rate same as ↑fixed interest above. • • • Main Entry: ↑fix …   Useful english dictionary

  • fixed rate — A traditional approach to determining the finance charge payable on an extension of credit. A predetermined and certain rate of interest is applied to the principal. Bloomberg Financial Dictionary * * * fixed rate fixed rate ➔ rate1 * * * fixed… …   Financial and business terms

  • fixed-rate — adj. Fixed rate is used with these nouns: ↑loan, ↑mortgage …   Collocations dictionary

  • fixed rate mortgage — see mortgage Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. fixed rate mortgage …   Law dictionary

  • fixed rate preference shares — Shares issued wholly for new consideration with no conversion rights or rights to acquire further shares or securities, which carry dividends of a fixed amount or fixed rate per cent of the nominal value. The dividends (plus any amount paid on… …   Law dictionary

  • Fixed-rate-Schrittmacher — [fikßtre̱it...; engl. fixed = fest, gleichbleibend u. engl. rate = Kurs, Geschwindigkeit, Rate]: unbeeinflußt vom Eigenrhythmus des Herzens arbeitender künstlicher Herzschrittmacher …   Das Wörterbuch medizinischer Fachausdrücke

  • fixed rate note — A security on which interest is calculated at a fixed rate. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • fixed-rate debt — ➔ debt …   Financial and business terms

  • Fixed rate mortgage — A fixed rate mortgage (FRM) is a mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or float. Other forms of mortgage loan include interest only… …   Wikipedia

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