- a price established by a seller, by agreement or by authority, as the price to be charged invariably.
Origin of fixed price
First recorded in 1905–10
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for fixed price
Handing the job to the less qualified team, after Northrop and Grumman refused to sign a fixed-price contract, doomed the program.Is the Pentagon’s $55 Billion Stealth Bomber Too Big a Secret?
September 22, 2014