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Fixed Income- Is when any type of investment that pays a fixed interest rate such as a bond, money market instrument, pension or a first preferred stock option. Also when the investment is cashed out by the investor, they will already know how much they are receiving as these are known as a constant and safe investment. Fixed income could also mean and applied to a person's personal income, as an income may not vary for each pay week. Pensions are commonly call a fixed income as they are dependent on their pensions as their main source of income is fixed. |
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