fixed fee

fixed fee definition - business

fixed fee

A guaranteed price for completion of a task. For example, a contractor may charge a fixed fee for remodeling a bathroom based on the requirements of the homeowner.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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