Meaning of “fixed cost” in the English Dictionary

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"fixed cost" in Business English

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fixed costnoun [ C, usually plural ]

uk us also fixed expense, standby cost

ACCOUNTING a cost such as wages, rent, and interest that does not change in relation to how much a business produces:

When you take 2,000 people out of your business you will inevitably have fixed cost reductions.

(Definition of “fixed cost” from the Cambridge Business English Dictionary © Cambridge University Press)