Definition of Firm

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TeachMeFinance.com - explain Firm




historic definition...

Firm -- A partnership. Also, firm as used in a transaction means fixed. A firm price is a fixed price ; a firm bid is a bid that will be adhered to (usually for a specified of understood period). Subscribers to underwriting syndicates usually receive a commission; when the subscriptions are firm the subscribers receive no commission but pay the agreed price for the securities subscribed for.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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