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fixed-rate

/ˌfɪkst ˈreɪt/

fixed-ratenoun

fixed-rates

/ˌfɪkst ˈreɪt/

Elliptical noun referring to a loan or financial product with a fixed rate.

Definitions

A loan or other financial product that has an interest rate set at the outset which remains unchanged for its duration.

With rates likely to rise, she decided to take out a fixed-rate to lock in lower repayments.

fixed-rateadjective

/ˌfɪkst ˈreɪt/

Translations

The loan has a fixed-rate interest.

У кредита фиксированная процентная ставка.

Definitions

Having a constant interest rate that does not change over the life of a loan or financial product.

The couple opted for a fixed-rate mortgage to ensure their monthly payments would remain stable.

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