Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
Fixed rate mortgage — A fixed rate mortgage (FRM) is a mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or float. Other forms of mortgage loan include interest only… … Wikipedia
Fixed-Rate Mortgage — A mortgage that has a fixed interest rate for the entire term of the loan. The distinguishing factor of a fixed rate mortgage is that the interest rate over every time period of the mortgage is known at the time the mortgage is originated. The… … Investment dictionary
fixed-rate mortgage — A mortgage where the rate of interest is fixed for a set period of time. The advantage of this type of mortgage is that the investor can budget accurately. Even if interest rates rise or fall and lenders alter their mortgage rates in line, your… … Financial and business terms
fixed-rate mortgage — A mortgage in which the rate of interest paid by the borrower is fixed, usually for the first few years of the loan … Big dictionary of business and management
fixed-rate mortgage — /fikst rayt / a home mortgage for which equal monthly payments of interest and principal are paid over the life of the loan, usually for a term of 30 years. * * * … Universalium
fixed-rate mortgage — /fikst rayt / a home mortgage for which equal monthly payments of interest and principal are paid over the life of the loan, usually for a term of 30 years … Useful english dictionary
fixed-rate — UK US noun [C] ► FINANCE an interest rate on a loan that is fixed when the loan is taken out and that does not change: »a buy to let loan at a fixed rate of 4% → Compare FLOATING RATE(Cf. ↑floating rate), VARIABLE RATE(Cf. ↑ … Financial and business terms
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. Bloomberg Financial Dictionary * * * fixed rate fixed rate ➔ rate1 * * * fixed… … Financial and business terms
mortgage, fixed-rate — n. A mortgage with an interest rate that remains the same throughout the life of the mortgage. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 … Law dictionary
fixed rate — n: a rate (as of interest) that stays the same a mortgage with a fixed rate Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
