firm order


Also found in: Acronyms.

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 ?
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.
The conditional purchase agreements for five CRJ900 NextGen aircraft, with options on an additional eight CRJ900 NextGen aircraft, were announced on December 2, 2013, along with a firm order for three CRJ900 NextGen airliners.
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 of today, Bombardier had booked firm orders for a total of 378 Q400 and Q400 NextGen aircraft and as of January 31, 2010, 288 had been delivered.
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.
TORONTO -- Bombardier Aerospace announced today that National Air Support (NAS) of Adelaide, Australia has placed a firm order for three Bombardier Q300 Maritime Patrol Aircraft (MPA) for the Surveillance Australia Coastwatch program.
The company's firm order backlog ended 3Q15 at USD 22.
Bombardier Aerospace have announced that China Express Airlines has changed earlier announced conditional deal to acquire three CRJ900 NextGen regional jets into a firm order.
Bombardier Aerospace, an aircraft manufacturer, on Wednesday announced that Braathens Leasing Limited, a member of Braathens Aviation of Sweden, has placed a firm order for five Bombardier CS100 and five CS300 mainline jetliners.
Summary: Bombardier Aerospace confirmed today that a firm order for five Q400 NextGen aircraft and options for another five, which was previously announced on August 3, 2009, was placed by All Nippon Airways Co.
Seaspan also announced that, in addition to the firm order for the initial four 2500 TEU vessels, the company has the option to order an additional eight 2500 TEU vessels, in two tranches of four vessels each, for the same price as the initial four.