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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

firm order  

Definition 1.

A client order which is not subject to cancellation, or an order to buy or sell for a broker-dealer's own account.
 

Definition 2.

In the context of general equities, (1) order to buy or sell for the proprietary account of the broker-dealer firm; (2) buy or sell order not conditional upon the customer's confirmation.
 
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