| gen. |
firm offer (An offer to sell goods that remains in force for a stated period. For example, an "offer firm for 24 hours" binds the seller to sell if the buyer accepts the offer within 24 hours. If the buyer makes a lower bid during the period that the offer is firm, the offer ceases to be valid. An offer that is not firm is usually called a quotation. OB&M Alexander Demidov); firm undertaking (In an after-hours statement, the Department for Business, Innovation and Skills said Sky had given a firm undertaking to sell the shares. | gave a firm undertaking to sell US dollars to banks, against their balances at the EF, at the fixed rate of 7.80 Alexander Demidov) |
