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.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

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References in periodicals archive ?

Ladbrokes' David Williams, whose firm quote Willie Mullins' horse at 6-1, said: "Our momentum horse is Chicago Grey - he was 40-1 when the weights came out, and now he's 14's.

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UK insurance distribution business Brightside Group (LON:BRT) said today it has signed an agreement to acquire local specialist distribution technology firm Quote Exchange in a cash-and-stock deal.

British Brightside agrees to take over Quote Exchange

AUGUST 8, 2006: Kitchen firm quote pounds 5,400 for refit of kitchen after flood.

Timeline

Strangely, the same firm quote themselves as 5-2 favourites to be offering the lowest price about the National winner on the morning of the race.

Betzone: NATIONAL TEMPTER

The firm quote Chelsea's supremacy at 1.1-1.3 and the time of their first goal can be sold at 40.

Blues aim for another fast start in semi-final; FOOTBALL

The firm quote Liu's highest break at a paltry-looking 82-85 and while Williams will probably mop up plenty of frames in tried-and-trusted style, that still looks a bit of an insult to a player who will be considerably better now than when he first played at the Crucible in 2008.

Underrated Liu should be taken seriously; SNOOKER

The same firm quote just 8-1 that he's coaching England at the 2015 World Cup, clearly believing that if there is any bad blood between Richards and rugby's top brass, it's only counterfeit.

Blood brothers to run & run; RESULT!

The firm quote Sri Lanka's first-innings runs at 538-550 - they will resume this morning at 372-3 - and buyers of Mahela Jayawardene's runs must pay 85.

Lankans may claim lead; CRICKET

The firm quote the tournament's highest compilation at 141.5-142 and while a 147 maximum has been quoted at 9-2 by Stan James, the quality of the play these days is such that it would rank as a serious disappointment if the highest offering is not in the 140s.