firm order

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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.

Firm Order

1. An order to a broker to buy or sell a security, where the order is not dependent on later confirmation by the client. Rather, the client makes the order and the broker fills it.

2. An order made by a broker-dealer itself rather than an individual investor or other client of the broker-dealer.

firm order

1. An investor's order to buy or sell that is not conditional on any additional instruction.
2. An order placed on behalf of a broker-dealer firm rather than on behalf of the firm's client.
References in periodicals archive ?
The company exercised 40 Boeing 737 MAX 8 options for 15 firm orders in 2019 and 25 firm orders in 2020, and deferred 23 Boeing 737 MAX 7 firm orders from 2019 through 2021 to 12 firm orders in 2023 and 11 firm orders in 2024.
The company - with a wing assembly plant at Broughton - won commitments for a total of 326 aircraft, including firm orders for 144 aircraft worth $18.
In the executive aviation segment, the quarter highlights were the first deliveries of the Legacy 500 and the additional request from NetJets, which converted 10 Phenom 300 options into firm orders.
Thai Carrier NokAir Purchases Two More Bombardier Q400 NextGen Aircraft as it Converts Options to Firm Orders Bombardier Aerospace announced today that low-cost carrier Nok Air of Thailand has converted two previously booked Q400 NextGen aircraft options to firm orders.
New York (USAsian Network Business & Industry News) Mon, Mar 31, 2014 - Bombardier Aerospace announced today that low-cost carrier Nok Air of Thailand has converted two previously booked Q400 NextGen aircraft options to firm orders.
The options may be converted into firm orders for larger A350-1000s.
Bombardier added that it has recorded firm orders for 1,715 CRJ Series aircraft, with 1,661 delivered as of 31 December 2011.
Based on the list price for the CRJ900 NextGen aircraft, the contract is valued at approximately $123 million US, which could increase to $211 million US should both options be converted to firm orders.
As previously announced, based on the list price for the Q400 NextGen aircraft, the firm order contract is valued at approximately $159 million US, and could increase to $332 million US should all five options be converted to firm orders.
Singapore Aircraft Leasing Enterprise (SALE) said on Monday that it has placed firm orders with Airbus and Boeing for 40 more single-aisle aircraft in a deal worth USD$2.
GE Commercial Aviation Services will take delivery of the 30 airplanes it has firm orders for between 2008 and 2010.
Airbus secured 155 firm orders for new aircraft worth a total catalogue price of USD13.