Don't let confusing credit terms stop you from achieving financial freedom. Learn about Fixed rate (or fixed APR) and how it relates to your personal finance
Fixed interest rates remain constant throughout the lifetime of the debt. This means they aren't susceptible to changes in the economy. So if you have a mortgage with a fixed rate of 6%, it will never change until you pay off the debt. Variable interest rates, on the other hand, are ...
fixed rate noun :a rate (as of interest) that stays the same a mortgage with afixed rate Dictionary Entries Nearfixed rate fixed period option fixed rate fixed rate mortgage See More Nearby Entries Cite this Entry Style “Fixed rate.”Merriam-Webster.com Legal Dictionary, Merriam-Webster, ...
Definition of fixed-rate adjective in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Definition of Fixed Amount Credit Card A fixed amount credit card is a type of credit card that comes with a predetermined spending limit. Unlike traditional credit cards, which offer a revolving credit line that allows users to borrow up to a certain credit limit and make minimum monthly payme...
Define Fixed Interest Rate. Fixed Interest Rate synonyms, Fixed Interest Rate pronunciation, Fixed Interest Rate translation, English dictionary definition of Fixed Interest Rate. fixed-rate. Translations. English: fixed-rate ADJ a tipo fijo. Spanish / E
Fixed Exchange Rate The one clear way to achieve a fixed exchange rate is to adopt a common currency in two countries. For example, within the U.S., the exchange rate between New York State and California is fixed at 1.00 because both use the same currency. The euro achieves the same ...
fixed period option fixed rate See More Nearby Entries Cite this Entry Style “Fixed period option.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/fixed%20period%20option. Accessed 15 Aug. 2024. Copy Citation Share...
Definition and Examples What Is a Fixed Exchange Rate? A fixed exchange rate is a regime applied by a government orcentral bankthat ties the country's officialcurrency exchange rateto another country's currency or the price of gold. The purpose of a fixed exchange rate system is to keep a...
We hope this blog post has provided you with a clear definition of a fixed exchange rate and increased your knowledge of its importance in the world of finance. Stay tuned for more informative posts in our Finance category! (Many of the links in this article redirect to a specific reviewed...