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 ?
said they have reached a final agreement for 30 firm orders for the E195-E2 jets.
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.
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.
5 billion, compared with 460 gross firm orders worth pounds 18.
The agreement with Bombardier includes firm orders for 15 CRJ-200 50-seat aircraft and 30 CRJ-700 Series 705 aircraft, with a dual-class cabin configuration of nine business class and 65 economy seats.
of Brazil for the procurement of as many as 20 units of E190-E2 jets, comprising 10 firm orders as well as purchase rights for another 10 aircraft.
The agreement covers ten firm orders and ten purchase rights.