fixed term

fixed term
fixed term UK US noun [C]
a period of time that has been agreed: »

She was hired for a fixed term of three years.

»

There is no flexibility to change the arrangement until the end of a fixed term.

»

We employed her on a fixed-term contract, for two years.

Compare ROLLING CONTRACT(Cf. ↑rolling contract)

Financial and business terms. 2012.

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