fixed charge
noun [ C ]
ukus ACCOUNTING
a business cost such as rent, interest, and insurance that does not change with the amount of business that a company does:
The company's statement of income and ratio of earnings to fixed charges.
a regular amount of money paid for something, that does not change:
Consumers and small businesses can gain unlimited Net access by paying a single fixed charge each month.
FINANCE, LAW
an arrangement in which a lender has the right to take and sell a particular asset from a borrower if the borrower does not pay the loan back:
Fixed charges give banks the legal right to payment from a borrower ahead of all other creditors.
Compare
floating charge