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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 from the Cambridge Business English Dictionary © Cambridge University Press)
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