A Fixed-Price Contract is a type of contract where the price is preset and not affected by the actual costs incurred during production or service execution. It ensures cost certainty for the buyer, transferring risk to the seller.
The term 'gap' in finance refers to the amount of financing need for which provision has not yet been made. It can pertain to various scenarios such as funding gaps in project finance or coverage gaps in insurance.
Limited recourse financing is often used in project finance because it provides a security structure that limits the financier's recourse to the project.
