| 单词 |
fixed interest rate |
| 释义 |
DictionarySeefixed-rateFixed Interest Rate
Fixed Interest RateAn interest rate that does not change over the life of a loan or other form of credit. If one borrows money at a fixed interest rate of 10%, then 10% is calculated over the principal balance each time the interest compounds. A fixed interest rate differs from a variable interest rate, which may change, at least within certain parameters. Most home mortgages in the United States have fixed interest rates. It is also called simply a fixed rate. |
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