"Fixed" or "stationary" refers to an object that remains in a constant position and does not change its location over time. This term is often used in physics to describe objects that are not in motion relative to a specific reference point. For example, a book resting on a table is considered fixed because it does not move unless acted upon by an external force. In various contexts, "fixed" can also describe something that is stable or unchanging. For instance, a fixed interest rate on a loan remains the same throughout the loan term, providing predictability for borrowers. This stability is important in financial planning and budgeting.