Subject

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Subject

Refers to a bid or offer that cannot be executed without confirmation from the customer. In other words, not firm, but a bid/offer that needs additional information/confirmation before becoming firm and is therefore still negotiable.

Subject

Describing a bid or offer for a security that is still negotiable. That is, a subject bid/offer is not firm and requires confirmation before a transaction involving it can be executed.
References in classic literature ?
But when the war was over, he only allowed him chaff to eat and made him carry heavy loads of wood, subjecting him to much slavish drudgery and ill-treatment.
He feared to make a light; the uncurtained windows would have betrayed his presence, subjecting him to insult, possibly to injury.
And we can't run the risk, after that nervous attack this morning, of subjecting Blanche to any further suspense.