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And the fixed obligations of indebtedness would have to be paid back in deflated dollars, squeezing overextended borrowers all the more.
They consist mostly of entitlements, like Social Security and Medicare; fixed obligations like interest on the national debt, pensions for federal and military employees and various subsidies that have already been enacted; and morally mandatory expenses like those for national security.
Britain has taken a big step in this direction with a rule called FRS 17, and the result has been a move of pension fund assets out of equities into bonds, which offer a better match to the relatively fixed obligations of defined-benefit pensions.
Many states are in the same situation as California is and simply can't afford to continue the old system with its huge fixed obligations.
It has been suggested, for example, that some of the health benefits of marriage result from monitoring of health by a spouse and also that those with fixed obligations that cannot be reassigned may be less likely to adopt the 'sick role' [ 1].
Under that transaction, Enron agreed to pay Morgan a fixed obligation of about $356 million, according to court records.
A lease contract, however, being a fixed obligation, is similar to debt and uses some of the firm's debt-carrying ability.
There are no fixed points.
"There is no fixed proposal.
But this term has no fixed end.
Home for Annan was no fixed place.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com