The concept behind a fixed price is minimizing customer uncertainty of a final price, which may be due to market fluctuation, time-frame variables or potential changes to the scope of a project. A ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. A fixed-rate payment is a type of loan installment where the interest rate remains constant ...

Jared Ecker is a researcher and fact-checker. He possesses over a decade of experience in the Nuclear and National Defense sectors resolving issues on platforms as varied as stealth bombers to UAVs.