# Fixed Rate Interest Payment

**IRI:** https://folio.openlegalstandard.org/R7ncIl72DDP9vuJh1lYbAMZ

## Labels

**Preferred Label:** Constant Rate Interest Payment

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/RCezn96rpy4oRcZgzT9ULlh

**Deprecated:** False