Definition, Meaning & Synonyms
fixed-amount
Adjective
/fɪkst əˈmaʊnt/
Definition
A specified total that remains constant and does not change.
Examples
- The contract stipulates a fixed-amount fee for the service provided.
- She received a fixed-amount grant for her research project.
- The fixed-amount loan helped him buy a new car without changing monthly payments.
Meaning
Fixed-amount refers to a predetermined sum of money or quantity that is set and will not vary regardless of circumstances.
Synonyms
- constant sum
- set price
- predetermined total
