| 释义 |
fixed-rate loan Fixed-rate loanA loan whose rate is fixed for the life of the loan.Fixed Rate LoanA loan with an interest rate that does not change over the life of the loan. For example, if one borrows money at a fixed interest rate of 10%, then 10% is amortized over the maturity of the loan and thus payments never change. 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 are fixed rate loans.fixed-rate loanA certain percentage rate of interest that will not change over the life of the loan. Contrast with adjustable-rate loan or mortgage. |