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fixed liability

noun
1.
a liability, as a mortgage or debenture, that will not mature for a relatively long time.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for fixed liability
  • Percentage rent is not a fixed liability until the end of the measurement period.
  • At the time of award, the government has a fixed liability for the minimum amount to which it committed itself.

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