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Zinsbindung

fixed-rate period

noun TSINS-bin-doong Rare

Also means

interest rate lock-in

Usage Note

Zinsbindung is the period during which the interest rate on a mortgage or loan is fixed, typically 5, 10, or 15 years in Germany. Longer Zinsbindung provides certainty but is usually priced higher.

Examples

"Wir haben eine Zinsbindung von zehn Jahren gewählt."

Natural Translation

We have chosen a fixed-rate period of ten years.

Literal Translation

We have a interest-binding of ten years chosen.

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