**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 payer** — In an interest rate swap the counterparty who pays a fixed rate, usually in exchange for a floating rate payment. The New York Times Financial Glossary … Financial and business terms

**fixed-rate payer** — In an interest rate swap, the counterparty who pays a fixed rate, usually in exchange for a floating rate payment . Bloomberg Financial Dictionary … Financial and business terms

**fixed annuity** — UK US noun [C] (also fixed rate annuity) INSURANCE ► an annuity (= contract someone agrees with an insurance company to be paid an amount of money regularly) for which the payment amount remains the same for the period of the annuity: »At the… … Financial and business terms

**rate** — The cost of debt service paid by a borrower or issuer to a lender or investor. The rate is expressed as an annual percentage of the amount borrowed. For some notes and bonds that pay interest semiannually, the semiannual interest due to the… … Financial and business terms

**Fixed-Income Security** — An investment that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity. Unlike a variable income security, where payments change based on some underlying measure such as short term interest… … Investment dictionary

**rate** — 1. noun 1) a fixed rate of interest Syn: percentage, ratio, proportion; scale, standard, level 2) an hourly rate of $30 Syn: charge, price, cost, tariff, fare, levy … Thesaurus of popular words

**rate** — 1. noun 1) a fixed rate of interest Syn: percentage, ratio, proportion, scale, standard 2) an hourly rate of £30 Syn: charge, price, cost, tariff, fare, fee … Synonyms and antonyms dictionary

**Adjustable-rate mortgage** — A variable rate mortgage, adjustable rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit… … Wikipedia