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 ?
The ingenious Hawkeye, who recalled the hasty manner in which the other had abandoned his post at the bedside of the sick woman, was not without his suspicions concerning the subject of so much solemn deliberation.
If my esteemed neighbor, the State's ambassador, who will devote his days to the settlement of the question of human rights in the Council Chamber, instead of being threatened with the prisons of Carolina, were to sit down the prisoner of Massachusetts, that State which is so anxious to foist the sin of slavery upon her sister--though at present she can discover only an act of inhospitality to be the ground of a quarrel with her--the Legislature would not wholly waive the subject of the following winter.
Which is the best man to deal with--he who knows nothing about a subject, and, what is extremely rare, knows that he knows nothing, or he who really knows something about it, but thinks that he knows all?
It may often happen on the stage, that an actor, by possessing in a preeminent degree the external qualities necessary to give effect to comedy, may be deprived of the right to aspire to tragic excellence; and in painting or literary composition, an artist or poet may be master exclusively of modes of thought, and powers of expression, which confine him to a single course of subjects.
The subordinate governments, which can extend their care to all those other subjects which can be separately provided for, will retain their due authority and activity.
And have you no means of checking frauds of this kind by commanding your neighbouring subjects to feel one another?
And whoever should reply: If the people have property outside the city, and see it burnt, they will not remain patient, and the long siege and self- interest will make them forget their prince; to this I answer that a powerful and courageous prince will overcome all such difficulties by giving at one time hope to his subjects that the evil will not be for long, at another time fear of the cruelty of the enemy, then preserving himself adroitly from those subjects who seem to him to be too bold.
You have yourself said why, madame," replied Fouquet; "because kings cannot and ought not to receive presents from their subjects.
And let princes, on the other side, that have subjects of martial disposition, know their own strength; unless they be otherwise wanting unto themselves.
It is also very evident, that the accidents of each subject take place of each other, as the subjects themselves, of which we allow they are accidents, differ from each other in value; so that if the soul is more noble than any outward possession, as the body, both in itself and with respect to us, it must be admitted of course that the best accidents of each must follow the same analogy.
for although I well know how hard it is for a man of genius with a seriously underrated subject to maintain serene and kindly relations with the men who underrate it, and who keep all the best places for less important subjects which they profess without originality and sometimes without much capacity for them, still, if he overwhelms them with wrath and disdain, he cannot expect them to heap honors on him.
To such an extent had Natasha let herself go that the way she dressed and did her hair, her ill-chosen words, and her jealousy- she was jealous of Sonya, of the governess, and of every woman, pretty or plain- were habitual subjects of jest to those about her.