What is the meaning of Fixed Interest Rate?

Fixed Interest Rate is an interest rate that does not change during the entire term or life of the loan.

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APABarry Goldsmith. (2010). fixed interest rate. Retrieved September 22, 2026, from http://smartdefine.org/fixed_interest_rate/definitions/1154137
ChicagoBarry Goldsmith. 2010. "fixed interest rate" http://smartdefine.org/fixed_interest_rate/definitions/1154137 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, fixed interest rate, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/fixed_interest_rate/definitions/1154137>.
MLABarry Goldsmith. "fixed interest rate" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/fixed_interest_rate/definitions/1154137>