fixed income

English

Noun

fixed income (countable and uncountable, plural fixed incomes)

  1. (finance) Any type of investment under which the borrower/issuer is obliged to make payments of a fixed amount on a fixed schedule. Broadly, such investments tend to be bonds and are not stocks.
  2. A personal income that does not vary over time, often predominantly from pensions or state benefits; especially, such an income that is low, requiring frugal living.

See also

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