Fixed Term

The term was broken, then applied Krazy glue.

A fixed term is just a set period of time for things like money coming due to be paid (think: the principal of a bond) or a contractual liability, like the delivery of 14,000 vibration-insensitive batteries.

The term is set. Like...8 years or 96 months is a fixed duration. No ifs ands or "...but but but I thought it was 100 monthses."