Fixed rate


 

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Fixed rate

A traditional approach to determining the finance charge payable on an extension of credit. A predetermined and certain rate of interest is applied to the principal.



Fixed rate

Similar Matches

Fixed rate loan

Fixed rate loan

A loan whose rate is fixed for the life of the loan.


Fixed premium

Fixed premium

Payments of a fixed, equal amounts paid to an insurance company for insurance or an annuity.


Fixed income securities

Fixed income securities

Securities which pay a fixed rate of interest. Government bonds (gilts) are the best known example. Compared to shares, fixed income securities have the attraction of certainty - you know what income you will get in advance - and they are less risky than shares. But the upside is not as good, and you will never get the really high returns with a bond that you might get with a share that does well.


Fixed annuities

Fixed annuities

Contracts in which an insurance company or issuing financial institution pays a fixed dollar amount of money per period.


Fixed term reverse mortgage

Fixed term reverse mortgage

A mortgage in which the lending institution provides payments to a homeowner for a fixed number of years.


Further Suggestions

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fixed annuity
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Fixed costs
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fixed assets
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