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What does fixed income mean?

Looking for the meaning or definition of the word fixed income? Here's what it means.

Noun
  1. (finance) Any type of investment under which the borrower/issuer is obliged to make payments of a fixed amount on a fixed schedule.
  2. A personal income that does not vary over time, often predominantly from pensions or state benefits.
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Examples
The cost difference is compared to the performance of fixed income fund managers relative to a common bond market index.
An annuity guarantees a fixed income for life but is dependent on interest rates at the time of retirement.
The fixed income arbitrageur aims to profit from price anomalies between related interest rate securities.
Since many retirees live on a fixed income, it's also important to create a budget to help decrease discretionary spending.
An investor who does not want to take risks with the principal amount invested should go in for fixed income investments.
She could buy an annuity, a fixed income for life, or she could opt for a combination of ARFs and annuities.

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