{"iri":"https://folio.openlegalstandard.org/R7ncIl72DDP9vuJh1lYbAMZ","label":"Fixed Rate Interest Payment","sub_class_of":["https://folio.openlegalstandard.org/RCezn96rpy4oRcZgzT9ULlh"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"Constant Rate Interest Payment","alternative_labels":[],"translations":{},"hidden_label":null,"definition":"A Fixed Rate Interest Payment is a type of interest payment structure where the interest rate remains constant throughout the life of the debt instrument. Under this arrangement, the borrower pays a predetermined interest rate at regular intervals, typically annually or semi-annually, which is established at the time of issuance and does not change regardless of market fluctuations.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}