fixed price

noun

1. a price established by a seller, by agreement or by authority, as the price to be charged invariably.

Other Words From

• fixed-price adjective

Word History and Origins

Origin of fixed price¹

First recorded in 1905–10

Example Sentences

Northrop received a $935-million fixed price contract to build the module in 2021 and took a $42-million charge in last year’s fourth quarter because of higher expenses, raising its 2023 program charges to $100 million.

From Los Angeles Times

As well as the troubles in its commercial unit, the hole reflected increased costs in the company's defence business, which often involves fixed price contracts and has been hit by the sharp run-up in prices in recent years.

From BBC

However, some providers were offering fixed price deals in what the regulator described as a competitive market.

From BBC

Royal Mail is required by law to deliver letters six days a week and parcels five days a week to every address in the UK for a fixed price.

From BBC

In the study, the drivers always had the option to refuse the personal price, and choose a conventional charging station with a fixed price instead.

From Science Daily