Firm order - How To Discuss

Firm order,

Definition of Firm order:

1. A firm order is one that is left open or standing by an investor. A good-till-canceled (GTC) order is considered a firm order since it will remain open indefinitely.

2. A firm order may also refer to a buy or sell order initiated by a proprietary trading desk for their own account. The order is coming from a firm.

3. Order that is not subject to cancellation until a specified expiration date. Firm orders without any expiration date are deemed to expire automatically 30 days after the date of offer. Also called confirmed order.

How to use Firm order in a sentence?

1. A firm order may also refer to a buy or sell order placed on behalf of a firm for their own accounts.
2. A firm order for an investor is an order that remains open indefinitely, such as a good-till-canceled order.
3. In the business world, a firm order is a non-cancelable order, or a confirmed order.