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.
Related Words
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