Fixed rate: Difference between revisions
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Interest calculated as a constant prespecified percentage of the principal amount, and payable at prespecified intervals, often semi-annually or annually. | Interest calculated as a constant prespecified percentage of the principal amount, and payable at prespecified intervals, often semi-annually or annually. | ||
Also known as fixed rate interest. | Also known as fixed rate interest. | ||
2. | |||
Abbreviation for a fixed foreign exchange rate. | |||
Revision as of 10:49, 18 August 2018
1.
Interest calculated as a constant prespecified percentage of the principal amount, and payable at prespecified intervals, often semi-annually or annually.
Also known as fixed rate interest.
2.
Abbreviation for a fixed foreign exchange rate.
