Or, if you like, a transfer of risk to the insurance company in return for a fixed payment.
Investors received a steady stream of fixed payments on the notes.
Consider a typical $300,000 interest-only mortgage with fixed payments for the first five years.
Several of the nation's largest health-coverage plans now offer bonuses in addition to the fixed payments.
But there is no such system of fixed payments for hospital outpatient services.
But it can also be permanent fixed payment for the life of policy.
Instead, farmers would receive fixed payments, though slightly smaller, regardless of prices and how much they grew.
In return for fixed payments to the emperor, Company officials collected revenue.
The fundamental difference is that it is based on a fixed annual payment.
The new program will require companies to make fixed annual payments, not yet determined, to the department.