fixed income


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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 ?
They commonly give them," said the curate, some simple benefice or cure, or some place as sacristan which brings them a good fixed income, not counting the altar fees, which may be reckoned at as much more.
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.