fixed rate commitment
[FꞮKST reɪt kəˈmɪtmənt]
nounpl: fixed rate commitments
compromisso de taxa fixa
1. A contractual agreement where a financial institution or lender commits to providing a loan or service at a predetermined, unchanging interest rate for a specified period
The bank offered a fixed rate commitment of 5% for the entire 30-year mortgage term.
O banco ofereceu um compromisso de taxa fixa de 5% para todo o período de 30 anos da hipoteca.
2. A guarantee by a creditor to lend money at a locked-in interest rate, protecting the borrower from future rate increases
With a fixed rate commitment, homeowners are protected from fluctuations in the housing market.
Com um compromisso de taxa fixa, os proprietários de imóveis estão protegidos contra flutuações no mercado imobiliário.
3. A business arrangement where a service provider agrees to charge a constant fee or rate regardless of market conditions
The utility company provided a fixed rate commitment to keep electricity prices stable for three years.
A empresa de energia forneceu um compromisso de taxa fixa para manter os preços da eletricidade estáveis por três anos.
In Brazil, fixed rate commitments are highly valued in the mortgage and lending markets, particularly given the country's history of inflation and currency fluctuation. Financial institutions prominently advertise fixed rate commitments as a way to provide stability to borrowers. In the USA and urban centers like NYC, fixed rate commitments are standard practice in real estate transactions and are often central to loan negotiations.
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