predetermined price

USAGE SUMMARY

The phrase "predetermined price" is correct and usable in written English.
It can be used in contexts involving contracts, sales, or agreements where a price has been set in advance. Example: "The product will be sold at a predetermined price, ensuring that all customers pay the same amount."

✓ Grammatically correct

News & Media

Academia

Science

Formal & Business

Wiki

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

An appointment was made for a cleaning at a predetermined price.

The New York Times

Stock options provide the right to buy company shares profitably at a later date at a predetermined price.

The New York Times

With them, the holder has the right to convert his or her investment into shares at a predetermined price.

The Management of Bond Investments and Trading of Debt

A sponsored agreement or contract in which the sponsor agrees to pay an upfront, predetermined price, for agreed upon services or individual tasks performed.

Yale University

Mr. Stranieri has said in legal proceedings that he acted independently in valuing Mr. Percudani's homes and was not asked to meet a predetermined price.

The New York Times

A warrant is a financial instrument that gives its owner the right at a future time to buy an underlying asset at a predetermined price.

The New York Times

Victor died in 1997 and the only written agreement in place stated that as the surviving brother, Martin could buy his brother's share at a predetermined price.

The New York Times

The stock grant included a put option that gave the flight attendants the right to sell back their shares at a predetermined price starting this past Monday.

The New York Times

Another unusual feature of the proposed agreement with W. P. Carey would give the Times Company the right to buy back the space for a predetermined price.

The New York Times

Alternatively, if a company is doing well, investors enjoy upside provisions, sometimes giving them the right to put additional money into the venture at a predetermined price.

Harvard Business Review

In a typical contract, a renter negotiates the lease and also locks in the right to buy a home at a predetermined price within a specific period, usually one to three years.

The New York Times

Expert writing Tips

Best practice

Use "predetermined price" when you want to emphasize that the price was set in advance, often to provide certainty or stability in a transaction.

Common error

Avoid using "predetermined price" when you actually mean an estimated price. A "predetermined price" is fixed and agreed upon beforehand, while an estimated price is an approximate value that may change.

Linguistic Context

The phrase "predetermined price" functions as a compound adjective modifying the noun "price". It describes a price that has been established or decided in advance. Ludwig's examples showcase its use in various contexts, from financial agreements to service contracts, indicating its descriptive role.

Expression frequency: Very common

Frequent in

News & Media

45%

Formal & Business

20%

Academia

15%

Less common in

Science

10%

Wiki

5%

Reference

5%

Ludwig's WRAP-UP

The phrase "predetermined price" is a common and grammatically sound expression used to describe a price that has been set in advance. According to Ludwig, it is often used in contexts related to contracts, financial agreements, and service offerings, aiming to convey certainty and transparency in pricing. The most common alternatives include "fixed price" and "set price", which offer similar meanings. The register of "predetermined price" is professional, making it suitable for business and legal contexts. Avoid confusing it with "estimated price", which implies an approximation rather than a fixed value. Ludwig AI confirms the phrase's usability and correctness in written English.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

fixed price

This alternative emphasizes the lack of variability in the price.

set price

This implies a price that has been established and is not subject to change.

agreed-upon price

This highlights the aspect of mutual consent or agreement on the price.

prearranged price

This suggests that the price was arranged or decided in advance.

established price

Focuses on the price being already established or in place.

pre-set price

Similar to 'set price', but with emphasis on the action of setting the price beforehand.

specified price

Indicates that the price is clearly specified or stated.

designated price

The price has been specifically designated or assigned.

predetermined cost

Replaces "price" with "cost", useful when referring to the cost aspect rather than the selling price.

price beforehand

Rephrases the concept using "beforehand" instead of "predetermined".

FAQs

How to use "predetermined price" in a sentence?

The phrase "predetermined price" is used to indicate a price that has been decided or established in advance. For example: "The service is offered at a "predetermined price", ensuring transparency for all customers."

What can I say instead of "predetermined price"?

You can use alternatives like "fixed price", "set price", or "agreed-upon price" depending on the specific context.

Which is correct, "predetermined price" or "estimated price"?

"Predetermined price" and "estimated price" have different meanings. A "predetermined price" is fixed in advance, while an estimated price is an approximation that is subject to change.

What is the difference between "predetermined price" and "prearranged price"?

While both "predetermined price" and "prearranged price" suggest a price set in advance, "prearranged price" might imply a slightly more informal or negotiated agreement compared to "predetermined price", which can suggest a more formal or structured setting.