Fixed Percentage
Type: noun
Pronunciation: /fikst-per-sen-tij/
Also spelled or known as: Percentage Share
Plural: Fixed Percentages
Related: Royalty Rate
What does Fixed Percentage mean? A predetermined percentage that remains unchanged unless modified by agreement.
Fixed percentages commonly determine royalty splits, ownership interests, commissions, publishing shares, and profit participation.
Fixed Percentage synonyms: Percentage Share, Fixed Share
Example sentence: “The producer received a fixed percentage of publishing income.”
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