Definition of Fixed indebtedness
An established or settled indebtedness; not contingent. State ex rel. Hawkins v. State Board of Examiners, 97 Mont. 441, 35 P.2d 116, 120. See Fixed debt; Fixed liabilities.
That's the definition of Fixed indebtedness in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.