fixed income

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Also found in: Financial.

fixed income

n.
1. A regular income that does not vary in amount: a retiree living on a fixed income.
2. Investments, such as bonds, that have a fixed yield: a fund that invests in fixed income.

fixed′-in′come′ adj.
References in classic literature ?
How, in the course of years, he had reduced the principal by trifling sums, 'having,' said Twemlow, 'always to observe great economy, being in the enjoyment of a fixed income limited in extent, and that depending on the munificence of a certain nobleman,' and had always pinched the full interest out of himself with punctual pinches.

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