firm order


firm order
An order to a broker (for securities, commodities, currencies, etc.) that remains firm for a stated period or until cancelled. A broker who has a firm order from a principal does not have to refer back if that broker can execute the terms of the order in the stated period.

Accounting dictionary. 2014.

Look at other dictionaries:

  • Firm Order — 1. A market order to buy or sell a security for a brokerage s proprietary account. A firm order requires a trader to be fully authorized by the brokerage before executing the transaction. 2. A buy or sell order executed by a broker for a client s …   Investment dictionary

  • firm order — An order to a broker (for securities, commodities, currencies, etc. ) that remains firm for a stated period or until cancelled. A broker who has a firm order from a principal does not have to refer back if the terms of the order can be executed… …   Big dictionary of business and management

  • firm order — In the context of general equities, (1) order to buy or sell for the proprietary account of the broker dealer firm; (2) buy or sell order not conditional upon the customer s confirmation. Bloomberg Financial Dictionary * * *    An order to buy or …   Financial and business terms

  • firm order — /fɜ:m ɔ:də/ noun 1. a confirmed order, which the purchaser cannot withdraw 2. an order to a broker to sell or buy on a certain date …   Dictionary of banking and finance

  • Firm Order Commitment — An F.O.C. (or Firm Order Commitment)FOC Date is when the local carrier will commit to having the circuit you ordered provisioned and physically ready to go. Frequently there are additional steps before the circuit is ready for turn up …   Wikipedia

  • 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 — 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… …   Financial and business terms

  • firm — Refers to an order to buy or sell that can be executed without confirmation for some fixed period. Also, a synonym for company. Bloomberg Financial Dictionary At CME, it is called a clearing member firm. A company that has membership privileges… …   Financial and business terms

  • order — {{Roman}}I.{{/Roman}} noun 1 way in which people/things are arranged ADJECTIVE ▪ correct, proper, right ▪ wrong ▪ logical ▪ The paragraphs are not in a logical order …   Collocations dictionary

  • FIRM — ( foreign investment risk matrix) Graph that displays financial and political risk by intervals on which countries may be compared according to risk ratings. Bloomberg Financial Dictionary * * * ▪ I. firm firm 1 [fɜːm ǁ fɜːrm] noun [countable]… …   Financial and business terms