encyclopedia

FIXED ASSETS

Assets of lon-term character that are intended to continue to be held or used, such as land, buildings, machinery, furniture, and other equipment.

FIXED COST

A cost that remains relatively constant irrespective of the level of operations activity; expenditures that do not vary with output. Examples include land, guideways, rent. (TRB)

FIXED GUIDEWAY

System of vehicles that can operate only on its own guidway constructed for that purpose (e.g. commuter rail, light rail)

FIXED GUIDEWAY SYSTEM

A system of vehicles that can operate only on its own guideway constructed for that purpose (e.g. rapid rail, light rail). Federal usage in funding legislation also includes exclusive right-of-way bus operations, trolley coaches and ferryboats as “fixed guideway” transit.…

FIXED OBJECT

An object that is fixed and stationary such as utilitiespole, fire hydrants and barricades.

FIXED ROUTE TRANSIT

Regularly scheduled services operating repeatedly over tracks or the same street or highway pattern on a determined schedule. It is different from modes of transportation such as taxicabs or demand-responsive transportation, in which each trip may differ in its origin…

FIXED SHIFT

A work schedule in which the hours remain the same, week after week, for a group of workers. (TRB)

FIXED SIGNAL

Signals at specific locations along the right-of-way, including interlocking signals, signs, switch indicators, or other devices for governing operation and movement of rail vehicles.

FIXTURE

A movable chattel (such as a machine, heating plant, etc.) which by reason of its annexation to real property and adaptation to continuing use in connection with the realty, is considered to be a part of the realty.