A guaranteed price. Dresdner Kleinwort Wasserstein financial glossary
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firm price UK US noun [C]
► FINANCE a price that has been arranged and that will not change: »
While the mall's owners have put no firm price on the expansion, they have said it will reach at least $1 billion.
► COMMERCE, FINANCE a price that is not going down and may go up: »
Firm prices and strong demand for gypsum products led to a 25% increase in operating profit.
Financial and business terms. 2012.