fixed rate loan

fixed rate loan
/ˌfɪkst reɪt 'ləυn/ noun
a loan on which the rate of interest stays the same for the duration of the loan

Dictionary of banking and finance. 2015.

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Look at other dictionaries:

  • fixed rate loan — Loan in which the interest rate does not change depending on market conditions …   Black's law dictionary

  • fixed rate loan — Loan in which the interest rate does not change depending on market conditions …   Black's law dictionary

  • Fixed-rate loan — A loan on which the rate paid by the borrower is fixed for the life of the loan. The New York Times Financial Glossary …   Financial and business terms

  • fixed-rate loan — A loan whose rate is fixed for the life of the loan. Bloomberg Financial Dictionary …   Financial and business terms

  • fixed-rate loan — A loan on which the interest rate is fixed at the start of the loan …   Accounting dictionary

  • fixed-rate loan — A loan on which the interest rate is fixed at the start of the loan …   Big dictionary of business and management

  • 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

  • Fixed-Rate Payment — The amount due every period by a borrower to a lender under a fixed rate loan. The fixed rate loan payments will be equal amounts until the loan plus interest are paid in full. The payment amount can be calculated using the following formula:… …   Investment dictionary

  • 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. ↑ …   Financial and business terms

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

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