fixed payment
Unchanging monetary obligation
A fixed payment is a predetermined sum that remains constant regardless of other variables.
Mortgage payments, subscription fees, and lease installments are typically fixed payments—the amount stays the same each billing cycle.
The term distinguishes from variable payments that fluctuate based on usage, performance, or market conditions: Our fixed payment of $1,200 covers rent and utilities.
- installmentPeriodic partial payment
- monthlyOccurring each lunar cycle
- monthly billPeriodic payment statement
- rentPayment for temporary use
- mortgageSecured home loan
lease agreement · salary · premium · dues · subscription · annuity · stipend · allowance · remittance · alimony · child support · pension · retainer · flat-rate · flat fee · recurring · automatic · regular
- paymentscredit cards, debit cards, credit card, debit card, paycheck
- loan paymentsloan balance, installment, installment payments, prepayment, periodic payments
- fixed-rate loans
- fixed-rate products
- automatic paymentsautopay, direct debit, subscription
fixed paymentvariable rate
Amount that fluctuates
floating rate · commission · royalty · profit share · bonus
fixed paymentcommission
Payment for services rendered
performance bonus · piece rate · profit sharing · royalty · contingency fee
fixed, payment, fixes, fixing, fixer, fixable, fixation, fixate, fixated