Firm quote

Firm quote

A definite price on a round-lot bid or offer declared by a market maker on a given security and not identified as a nominal quotation (therefore is not negotiable).

Firm Quote

A bid or ask made by a dealer or market maker that is not up for negotiation. For example, if a dealer offers to sell 5,000 shares of a stock at $10 per share and the quote is firm, then potential buyers need not come back with a counteroffer of $8 per share. They can either take the offer or not. See also: Nominal quote.

firm quote

A quotation from a market maker to buy and sell a security at firm bid and ask prices. Compare nominal quote.

Firm quote.

A firm quote includes a bid and ask price at which a market maker is willing to trade a specific quantity -- 100 shares of stock, for example.

For example, a firm quote of 42.50/42.70 means that the market maker will pay $42.50 for 100 shares and is willing to sell them for $42.70. But those prices would not apply to trades larger than 100 shares. Then prices would have to be negotiated.