Definition, Meaning & Synonyms
fixed-period
noun
/fɪkst ˈpɪəriəd/
Definition
A fixed period refers to a specific duration of time that is predetermined and remains constant.
Examples
- The loan must be paid back within a fixed period of five years.
- Employees have to complete their training within a fixed period to remain eligible for promotion.
Meaning
A set timeframe during which certain conditions or agreements are valid or applicable.
Synonyms
- set term
- defined duration
- established timeframe
