Definition
a fixed (interest) rate, a fixed-rate (interest): a rate (of interest) that does not change or vary
- "This account offers fixed-rate interest, because we understand that some of our customers are afraid of change."
- "It was my understanding that there was supposed to be a fixed rate for the duration of the loans, but after looking at our files, I see that the rates have inflated over the past few years."
- "If you were to consolidate your loans now with a fixed rate, you'd be paying more interest than you are with your variable rate."
- "Sam : If you'd like, we could restructure the contract with a fixed interest rate."
Still unsure of the best way to use 'Fixed rate'? Improve your English thanks to our online English lessons. We offer a free test as well as a free level assessment!
What our users say:
Test your English with Gymglish today and get a free level assessment
Absolutely free - no strings attached.