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From Longman Dictionary of Contemporary Englishfixed-rateˈfixed-rate adjective [only before noun]  a fixed-rate loan or mortgage is one in which the amount of interest you pay remains the same for a specific period of timecappedFrom Longman Business Dictionaryfixed rateˌfixed ˈrateFINANCEBANKING an interest rate on a loan that is fixed at the time when the loan is taken out and does not change rate
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