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TeachMeFinance.com - explain Fixed Charges
Fixed Charges -- 1. Charges which do not increase or decrease with a change in volume.
2. Expenses that have to be borne whether any business is done or not.
historic definition...
Fixed charge -- A charge that becomes due at stated intervals.
In the case of a railroad fixed charges include interest on
funded debt, interest on floating debt, rentals, taxes and requirements
of sinking funds. Failure to pay these charges
constitutes a legal default.
About the author
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Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".
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Copyright © 2005 by Mark McCracken, All Rights Reserved.
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