fixed rate

noun

Legal Definition of fixed rate

: a rate (as of interest) that stays the same a mortgage with a fixed rate

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Dictionary Entries Near fixed rate

fixed period option

fixed rate

fixed rate mortgage

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Cite this Entry

“Fixed rate.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/fixed%20rate. Accessed 3 Aug. 2021.

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