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TeachMeFinance.com - explain Firm Firm The term 'Firm' as it applies to the area of energy can be defined as ' An association, company, corporation, estate, individual, joint venture, partnership, or sole proprietorship, or any other entity, however organized, including (a) charitable or educational institutions; (b) the Federal Government, including corporations, departments, Federal agencies, and other instrumentalities; and State and local governments. A firm may consist of (1) a parent entity, including the consolidated and unconsolidated entities (if any) that it directly or indirectly controls; (2) a parent and its consolidated entities only; (3) an unconsolidated entity; or (4) any part or combination of the above'. Previous 5 Terms: fire shelter fire Shovel Fire Wind Firebrand firkin Next 5 Terms: Firm energy (power) Firm power Firm yield firn Firn (Snow) 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". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.