fixed rate - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “fixed rate”

fixed rate

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 , variable rate
fixed-rate adjective [before noun]
(Definition of fixed rate from the Cambridge Business English Dictionary © Cambridge University Press)
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