Daily Almanac for
May 26, 2012
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Dictionary


fixed'-rate mort'gage



Pronunciation: (fikst'rāt"), [key]
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.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

fixed pricefixed sign
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