Meaning of fixed income | Babel Free

Definitions

1. Any type of investment under which the borrower/issuer is obliged to make payments of a fixed amount on a fixed schedule. Broadly, such investments tend to be bonds and are not stocks.
   countable, uncountable
2. A personal income that does not vary over time, often predominantly from pensions or state benefits; especially, such an income that is low, requiring frugal living.
   countable, uncountable

CEFR level