fixed payment

USAGE SUMMARY

The phrase "fixed payment" is correct and usable in written English.
It can be used in contexts related to finance, contracts, or agreements where a specific amount is agreed upon for payment. Example: "The contractor will receive a fixed payment for the completion of the project, regardless of the time taken."

✓ Grammatically correct

News & Media

Science

Academia

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

55 human-written examples

OrthoCarolina provides care in several area hospitals and has negotiated a fixed payment with each of them for all the required inpatient care.

Harvard Business Review

Your monthly payment is the lesser of 20% of discretionary income or the amount you'd pay on a 12 year fixed payment plan (adjusted according to income).

Forbes

This program included a fixed payment for a patient's initial hospitalization and any re-admissions that occurred within a 90-day time period.

Forbes

The tax approach was chosen because it could potentially yield a higher financial return to the states than would a fixed payment up front.

University of Chicago

First, managers may forego positive net present value projects if the expected project gains are required to satisfy fixed payment obligations to the bondholders (Myers 1977).

Business Research

The pharmacist's remuneration consists of: (1) a fixed payment per delivery (75% of total income); (2) a variable payment as a percentage of the pharmacy ex-factory price (20%); (3) a complementary fixed payment (5%).

European Journal of Health Economics

Through capitation, providers receive a sex and age adjusted fixed payment per patient, which is independent of the number of services performed.

BMC Family Practice

Human-verified similar examples from authoritative sources

Similar Expressions

4 human-written examples

The fixed-payment amount depends on several factors, like how much you contribute, your age when you set up the annuity and whether there is a second beneficiary.

The New York Times

Those adjustments created the designation of critical-access hospitals for some small, isolated facilities, and exempted them from the fixed-payment system.

The Washington Post

Besides the low 6 and 7percentt fixed-payment mortgages, there is a whole range of options to choose from -- some of which have never, or very rarely, been offered before to home buyers.

The New York Times

And, as of 2009, a sizable percentage of federal student loans in the U.S. became income-based, although tight eligibility rules and general confusion have meant that most student borrowers are still stuck in fixed-payment plans.

The New Yorker

Expert writing Tips

Best practice

When discussing financial agreements, use "fixed payment" to clearly communicate that the amount will not change. This avoids ambiguity and sets clear expectations for all parties involved.

Common error

Avoid using "fixed payment" when referring to payments that fluctuate based on usage, performance, or other variables. Use terms like "variable payment" or "performance-based compensation" instead to accurately reflect the payment structure.

Linguistic Context

The phrase "fixed payment" functions primarily as a noun phrase. It refers to a payment whose amount is predetermined and does not vary. Ludwig examples show it used in various contexts like healthcare, loans, and contracts. Ludwig AI confirms that it is a correct and usable phrase.

Expression frequency: Very common

Frequent in

News & Media

30%

Science

25%

Academia

20%

Less common in

Formal & Business

15%

Wiki

5%

Reference

5%

Ludwig's WRAP-UP

The phrase "fixed payment" is a grammatically sound and frequently used term, as validated by Ludwig AI, that specifies a payment amount that remains constant. Its usage spans across diverse fields, prominently including news, science, and academia. As the Ludwig examples demonstrate, it plays a key role in providing financial certainty in various agreements. To avoid potential confusion, it's crucial to distinguish a "fixed payment" from a variable one. For situations where payment is subject to change depending on external factors, it would be more useful to opt for terms such as "variable payment" or "performance-based compensation".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Set payment

Emphasizes the action of establishing the payment amount beforehand.

Guaranteed payment

Highlights the assurance that the payment will be made without fail.

Predetermined payment

Focuses on the payment being decided in advance.

Flat payment

Implies a single, unchanging payment amount.

Lump-sum payment

Indicates a single payment made in one go, rather than installments.

Fixed compensation

Specifically refers to payment for services rendered.

Fixed charge

Highlights a mandatory payment amount.

Static payment

Emphasizes the unchanging nature of the payment.

Pre-arranged payment

Similar to predetermined, but emphasizing the arrangement process.

Established payment

Highlights that the payment amount has been formally set.

FAQs

How can I use "fixed payment" in a sentence?

You can use "fixed payment" to describe various scenarios, such as "The agreement specifies a "fixed payment" of $500 per month" or "The contractor receives a "fixed payment" upon completion of the project".

What are some alternatives to "fixed payment"?

Alternatives include "set payment", "guaranteed payment", or "predetermined payment", depending on the specific context.

Is it correct to say "fixed payments" instead of "fixed payment"?

Yes, "fixed payments" is correct when referring to multiple payments of a fixed amount over a period of time, whereas "fixed payment" usually refers to a single payment or the concept of a fixed amount in general.

What's the difference between "fixed payment" and "fixed rate"?

"Fixed payment" refers to a specific amount of money that remains constant, while "fixed rate" refers to an interest rate that does not change over the term of a loan or investment. They describe different aspects of financial agreements.