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Definition of fixed-rate adjective from the Oxford Advanced Learner's Dictionary

fixed-rate

adjective
 
/ˌfɪkst ˈreɪt/
 
/ˌfɪkst ˈreɪt/
[only before noun]
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  1. (of a loan or bank account) on which the rate of interest stays the same for an agreed period of time
    • At the moment most people are opting for a fixed-rate mortgage.
    Topics Moneyb2
previously
adverb
 
 
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