An expenditure over which you have no control, are obligated to make, and is generally at a constant level each month is called a ________ expenditure.

Question

Quizplus · Accepted Answer

A fixed expenditure is a recurring expense that you have little to no control over and is typically the same amount each month. Examples include rent, mortgage payments, insurance premiums, and car payments.

An Expenditure Over Which You Have No Control, Are Obligated