Fixed-in-advance

Describing something that is predetermined, established, or agreed upon before a particular action or event takes place. It signifies a set condition, price, schedule, or other element that is not subject to change after the initial agreement or announcement. This pre-determined nature offers predictability and often provides stability in transactions or planning, but can also limit flexibility in unforeseen circumstances. The term emphasizes a concrete and unyielding commitment.

Fixed-in-advance meaning with examples

• The cruise package offered a fixed-in-advance price, covering all meals, accommodation, and entertainment, allowing us to budget effectively. We knew exactly what we were paying from the outset, avoiding unexpected expenses, making the vacation financially predictable and stress-free, perfect for someone who likes to know upfront costs.
• Our company uses a fixed-in-advance payment schedule for contractors, specifying deliverables and milestones before work commences. This ensures clear expectations for both parties, eliminating ambiguity over compensation. Contractors appreciate this payment certainty and know the rate, and the company also receives a budget friendly quote.
• The festival ticket prices were fixed-in-advance, but the event offered tiered levels with different features included, offering a range of options for varying budgets. Despite the ticket costs, the predetermined fees gave attendees clarity regarding spending, eliminating confusion over surprise surcharges or changing costs on the day.
• The terms of the mortgage include a fixed-in-advance interest rate, protecting the homeowner from fluctuating market changes. The stable rate provides peace of mind, allowing for predictable monthly payments, making long-term financial planning easier and shielding from unexpected financial strain.
• When the event was organized, a fixed-in-advance itinerary was created, outlining all activities and sessions, creating a timetable with defined points for attendees. This advance notice allowed for the best schedule, and also eliminated a large number of questions related to what was included and when.