fixed budget

Definition

A budget which is made without regard to potential variations in business activity. Such budgeting might be effective for companies with low variable costs, but otherwise is likely to be inaccurate.

Use fixed budget in a sentence

We were on a fixed budget, so we could not do some of the things that we wanted to do in our company.

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You should try and make sure that your new project will not do anything to put you over your fixed budget.

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I am able to keep a fixed budget throughout the year due to the fact that I have the same income week to week.

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