fixed-rate
|fixed/rate|
/fɪkst reɪt/
constant interest rate
Etymology
'fixed-rate' originates from the combination of 'fixed,' meaning 'securely placed or fastened,' and 'rate,' meaning 'a measure, quantity, or frequency.'
'fixed-rate' evolved from the concept of 'fixed' and 'rate' being used together in financial contexts to describe a stable interest rate.
Initially, it meant 'a rate that is fixed or set,' and over time it evolved into its current meaning of 'a constant interest rate in financial agreements.'
Meanings by Part of Speech
Adjective 1
a type of interest rate that remains constant throughout the duration of a loan or financial agreement.
The mortgage has a fixed-rate, so the monthly payments will not change.
Synonyms
Antonyms
Last updated: 2025/01/11 11:45