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fixed charge


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1.See charge. 2. The part of an expense that remains unchanged, irrespective of the amount of the commodity or service used or consumed. For example, in the UK both the electricity and gas industries operate tariffs consisting of a fixed charge, which remains unchanged irrespective of the consumption of energy, and a variable charge, based on the energy consumed.

1.See charge. 2. The part of an expense that remains unchanged, irrespective of the amount of the commodity or service used or consumed. For example, in the UK both the electricity and gas industries operate tariffs consisting of a fixed charge, which remains unchanged irrespective of the consumption of energy, and a variable charge, based on the energy consumed.

Subjects: Accounting.


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