follow Dictionary.com

Why turkey has the same name as Turkey

fixed-rate mortgage

[fikst-reyt] /ˈfɪkstˌreɪt/
noun
1.
a home mortgage for which equal monthly payments of interest and principal are paid over the life of the loan, usually for a term of 30 years.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source

Word of the Day

Word Value for fixed

16
16
Scrabble Words With Friends