Define: Fixed Allowance
Fixed Allowance means predetermined quantities or sums given regularly, for fulfilling a set objective.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Fixed Allowance means predetermined quantities or sums given regularly, for fulfilling a set objective.
Relevant Circumstances
- When precise quantities or sums are necessary for contract fulfillment.
- Where rewards or bonuses are based on objective fulfillment.
Relevant Sectors
- Manufacturing
- Consultancy
- Aerospace