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What is fixed charge?

Updated: 10/25/2022
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8y ago

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A fixed rate is a type of security under which a property or an asset consisting of equipment is used as security for the business loan. If you fail to repay the loan in accordance with the terms under which it has been granted, the asset in question is forfeit.

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Ellen Funk

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1y ago
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Q: What is fixed charge?
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