Firm


Firm
Refers to an order to buy or sell that can be executed without confirmation for some fixed period. Also, a synonym for company. The New York Times Financial Glossary

* * *

I. firm firm 1 [fɜːm ǁ fɜːrm] noun [countable] ORGANIZATIONS
a company or business, especially one which is quite small:

• The eight-volume guide contains entries for 700,000 lawyers and 44,000 law firms.

• a firm of chartered accountants

• The auditing services market is dominated by a small number of large accounting firms.

conˈsulting firm ORGANIZATIONS
a company that gives advice and training in a particular area to people in other companies; = CONSULTANCY
ˈsearch firm ORGANIZATIONS
a company that finds people with the right skills and experience to do a particular job for employers that need them; =HEAD-HUNTER:

• A search firm contacted him to talk about a chief executive position.

• The company has hired an executive search firm to help identify candidates.

word focus - ˈsearch firm
company, firm, business, corporation
A company is an organization that produces goods or provides a service for profit. A firm is a company, especially one that provides a service rather than goods, for example financial or legal services. A business is usually a company that employs a small number of people. A corporation is a large company, especially one consisting of many smaller companies.
Abbreviations used after company names
Co. company:

• J.P. Morgan & Co.

Corp. corporation:

• Microsoft Corp.

Inc. incorporated (= used in the US to show that a company is a corporation ) :

• Apple Computer Inc.

Ltd limited (= used in the UK and Canada to show that a company is a limited ( liability) company ) :

• Associated Newspapers Ltd

PLC public limited company (= a limited company whose shares are bought and sold freely ) :

• Pearson PLC

Pty proprietary company (= used in Australia and South Africa ) :

• Pfizer Australia Pty Ltd

  [m0] II. firm firm 2 verb [intransitive, transitive]
FINANCE if prices on a financial market firm to a particular level, they rise to that level:
firm to

• Sales volume hit £53 million as the shares firmed 19p to 126p.

  [m0] III. firm firm 3 adjective [only before a noun]
1. firm decisions, judgements, or offers are final and not likely to be changed:

• The Confederation of British Industry said it was too early to make firm forecasts about demand.

• The airline has firm orders for 20 Airbus A321 medium-range jets.

2. FINANCE stocks, shares, prices etc which are firm have been rising and do not seem likely to fall:

• The Federal Reserve chairman implied that the US would keep interest rates firm.

• OPEC members need firm prices to maintain their revenues.

• The dollar ended the week on a firm note (= with a steady price ) .

* * *

Ⅰ.
firm UK US /fɜːm/ noun [C]
WORKPLACE a company or business: »

The firm's share price has been rising steadily.

»

The firm remains heavily dependent on North America, its biggest market.

big/medium-sized/small firm »

Small and medium-sized firms accounted for 69.8% of the UK business population.

leading/major/top firm »

He hired a top firm of architects and re-mortgaged the family home to finance the project.

accounting/law/manufacturing, etc. firm »

Local manufacturing firms are under heavy competitive pressure, often from off-shore production.

set up/start (up)/establish a firm »

Her grandfather had set up the firm soon after the war.

run/manage a firm »

The firm was run from an office in Bolton.

»

She joined the family firm soon after leaving school.

See Note COMPANY(Cf. ↑company)
See also CONSULTING(Cf. ↑consulting), SEARCH FIRM(Cf. ↑search firm)
Ⅱ.
firm UK US /fɜːm/ adjective
agreed or decided and not likely to change: firm date/deadline »

I was given a firm deadline of April 30.

firm bid/commitment »

The group said it has a firm commitment to sell two radio stations in Chicago to minority partners.

firm order/offer »

They already have firm orders for much of the new stock.

firm decision »

We haven't made a firm decision as yet.

FINANCE used to describe a price or level that is high and is likely to rise or stay high: »

Home prices are edging higher as builders pay record prices for lumber, and tight supplies should keep prices firm next year.

See also STEADY(Cf. ↑steady)
hold firm — Cf. hold firm
firmness noun [U]
»

the firmness of the bond market

Ⅲ.
firm UK US /fɜːm/ verb [I]
FINANCE to remain at the same level, amount, etc. or to rise slightly: »

In industries such as paper, chemicals, and steel, prices have firmed.

firm to sth »

Copper firmed 1.8 cents to 142.1 cents a pound.

firm against sth »

The dollar, meanwhile, firmed against the euro in the wake of the interest rate rise.

»

Bank shares firmed on expectations that the Reserve Bank would leave interest rates untouched.


Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • Firm — or The Firm can have several meanings:*Any business entity such as a corporation, partnership or sole proprietorship. This more general meaning is used in macroeconomics (in terms such as ideal firm size). *The word firm is sometimes used in a… …   Wikipedia

  • firm — adj Firm, hard, solid are comparable chiefly as meaning having a texture or consistency that markedly resists deformation by external force. Firm (opposed to loose, flabby) suggests such closeness or compactness of texture or a consistency so… …   New Dictionary of Synonyms

  • Firm — Firm, a. [Compar. {Firmer}; superl. {Firmest}.] [OE. ferme, F. ferme, fr.L. firmus; cf. Skr. dharman support, law, order, dh? to hold fast, carry. Cf. {Farm}, {Throne}.] 1. Fixed; hence, closely compressed; compact; substantial; hard; solid;… …   The Collaborative International Dictionary of English

  • firm — firm1 [fʉrm] adj. [ME ferm < OFr < L firmus < IE base * dher , to hold, support > Sans dhárma, precept, law, Gr thronos, armchair] 1. not yielding easily under pressure; solid; hard 2. not moved or shaken easily; fixed; stable 3.… …   English World dictionary

  • firm — Ⅰ. firm [1] ► ADJECTIVE 1) having an unyielding surface or structure. 2) solidly in place and stable. 3) having steady power or strength: a firm grip. 4) showing resolute determination. 5) fixed or definite: firm plans …   English terms dictionary

  • Firm — Firm, n. [It. firma the (firm, sure, or confirming) signature or subscription, or Pg. firma signature, firm, cf. Sp. firma signature; all fr. L. firmus, adj., firm. See {Firm}, a.] The name, title, or style, under which a company transacts… …   The Collaborative International Dictionary of English

  • firm — n [German Firma, from Italian, signature, ultimately from Latin firmare to make firm, confirm] 1: the name or title under which a company transacts business 2: a partnership of two or more persons that is not recognized as a legal person distinct …   Law dictionary

  • Firm — Firm, v. t. [OE. fermen to make firm, F. fermer, fr. L. firmare to make firm. See {Firm}, a.] 1. To fix; to settle; to confirm; to establish. [Obs.] [1913 Webster] And Jove has firmed it with an awful nod. Dryden. [1913 Webster] 2. To fix or… …   The Collaborative International Dictionary of English

  • firm — [adj1] inflexible close, close grained, compact, compressed, concentrated, concrete, condensed, congealed, dense, fine grained, hard, hardened, heavy, impenetrable, impermeable, impervious, inelastic, jelled, nonporous, refractory, rigid, set,… …   New thesaurus

  • firm — Adj erw. fremd. Erkennbar fremd (18. Jh.) Entlehnung. Entlehnt aus l. fīrmus fest, sicher, stark , wohl in Anlehnung an ne. firm.    Ebenso ne. firm. Hierzu unmittelbar firmen, zu dessen lateinischem Vorbild auch Firma und Firmament gehören; ein… …   Etymologisches Wörterbuch der deutschen sprache

  • firm — adverb is used mainly in two fixed expressions, to stand firm and to hold firm to. In all other contexts the natural adverbial form is firmly: The bracket was firmly fixed to the wall …   Modern English usage


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