fixed income

noun

Definitions

  1. Any type of investment under which the borrower/issuer is obliged to make payments of a…

    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…

    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.

The neighborhood

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sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA