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English definition of “firm price”

firm price

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 .
(Definition of firm price noun from the Cambridge Business English Dictionary © Cambridge University Press)
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