fixed charge
noun[C]
ukusACCOUNTING
abusinesscostsuch asrent,interest, andinsurancethat does notchangewith theamountofbusinessthat acompanydoes:
The company'sstatementofincomeandratioofearningstofixedcharges.
aregularamountofmoneypaidfor something, that does notchange:
Consumers andsmallbusinessescangainunlimitedNetaccessbypayingasinglefixedchargeeachmonth.
FINANCE,LAW
anarrangementin which alenderhas therightto take andsellaparticularassetfrom aborrowerif theborrowerdoes notpaytheloanback:
Fixedchargesgivebanksthelegalrighttopaymentfrom aborroweraheadof all othercreditors.
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floating charge