fixed price: Definition from Answers.com

Contracts: type of contract where the price is preset and invariable, regardless of the actual costs of production. See also Cost-Plus Contract.

Investment: in a public offering of new securities, price at which investment bankers in the underwriting Syndicate agree to sell the issue to the public. The price remains fixed as long as the syndicate remains in effect. The proper term for this kind of system is fixed price offering system. In contrast, Eurobonds, which are also sold through underwriting syndicates, are offered on a basis that permits discrimination among customers; i.e., the underwriting spread may be adjusted to suit the particular buyer. See also Eurobond.