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Fixed rate loan
Fixed rate loan A loan that has an unchanging interest rate.
RELATED TERMS--------------------------------------
Loan
A sum of borrowed money (principal) that is generally repaid with interest.
Interest
Money paid to a lender as compensation for money that is borrowed.
Rate
Percentage a borrower pays for the use of money, usually expressed as an annual percentage.
SIMILAR TERMS--------------------------------------
Fixed
A time period that is fixed for each calendar year, either by date or by calendar weeks; most in numerical sequence 1-52.
Fixed costs
Costs that do not fluctuate in proportion to the level of sales or production
Fixed expenses
Those recurring expenses that have to be paid regardless of whether the property is occupied;.
Fixed fee
A contractor submits a bid proposing a fixed amount to do a job. Most construction bids are made on this basis.
Fixed floor coverings
Wall to wall carpet, kitchen linoleum, vinyl tiles, etc. This term does not cover loose rugs.
Fixed installment
Periodic (usually monthly) payment on a loan whose sum does not vary.
Fixed rate
An interest rate that remains constant over the term of the loan
Fixed rate mortgage
The interest rate on the mortgage is fixed for a certain period, known as the benefit or fixed rate period.
Fixed rate option
An option available on some home equity lines of credit which allows borrowers to fix the payments and interest on a portion of their balance.
Fixed time
The time of year when the owner in a timeshare arrangement is scheduled to have occupancy.
Fixer upper
A house that needs a lot of work and which sells for a discount.
PREVIOUS AND NEXT TERMS--------------------------------------
Fixed costs
Costs that do not fluctuate in proportion to the level of sales or production
Fixed expenses
Those recurring expenses that have to be paid regardless of whether the property is occupied;.
Fixed floor coverings
Wall to wall carpet, kitchen linoleum, vinyl tiles, etc. This term does not cover loose rugs.
Fixed installment
Periodic (usually monthly) payment on a loan whose sum does not vary.
Fixed rate
An interest rate that remains constant over the term of the loan
Fixed rate loan
Fixed rate mortgage
The interest rate on the mortgage is fixed for a certain period, known as the benefit or fixed rate period.
Fixed time
The time of year when the owner in a timeshare arrangement is scheduled to have occupancy.
Fixed fee
A contractor submits a bid proposing a fixed amount to do a job. Most construction bids are made on this basis.
Fixed rate option
An option available on some home equity lines of credit which allows borrowers to fix the payments and interest on a portion of their balance.
Fixer upper
A house that needs a lot of work and which sells for a discount.
This dictionary contains 6433 terms. |
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