fixed price Meaning in the Cambridge English Dictionary
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Meaning of “fixed price” in the English Dictionary

"fixed price" in Business English

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fixed pricenoun [C]

uk   us   COMMERCE
a ​price that will not ​change after it is ​agreed: We ​agreed to ​purchase the ​finishedgoods at a ​fixedprice. With a fixed-price ​contract, the ​builderpays all ​extracosts beyond its agreed-upon ​value.
a ​price that is set by a ​government, etc.: In this ​model, if the ​price of ​oil were to ​rise above the ​fixedprice set by the U.S. ​government, the ​government would ​pay the difference.
(Definition of fixed price from the Cambridge Business English Dictionary © Cambridge University Press)
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