Glossary
Welcome to our glossary section.
If you're looking for the definition of a particular finance term or phrase, you can look it up here in our loans glossary. If the term or phrase you're looking for isn't listed, please let us know and we'll make sure it gets included.
Fixed Rate
When referring to loans and mortgages, the term fixed rate implies that the rate of interest tagged to any credit agreement will remain static, regardless as to whether market conditions change.
