fixed payment
[FIKST PEY-muhnt]
nounpl: fixed payments
pagamento fixo
1. A predetermined amount of money that remains constant and does not change over a specified period, typically used in loans, contracts, or subscription services
The loan has a fixed payment of $500 per month for 10 years.
O empréstimo tem um pagamento fixo de R$ 500 por mês durante 10 anos.
2. A consistent monetary obligation that does not vary regardless of external circumstances or usage
With a fixed payment plan, you know exactly how much you'll pay each billing cycle.
Com um plano de pagamento fixo, você sabe exatamente quanto pagará em cada ciclo de faturamento.
Fixed payments are fundamental to Brazilian consumer finance and are heavily regulated by institutions like the Banco Central do Brasil. In Brazil, payment plans (parcelamento) with fixed monthly installments are extremely common for purchases, loans, and services. This contrasts with more flexible payment systems and reflects Brazilian consumer protection laws that prioritize transparency and predictability in financial obligations.
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