firm sale

firm sale
/fɜ:m 'seɪl/ noun
a sale which does not allow the purchaser to return the goods

Dictionary of banking and finance. 2015.

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  • sale — n. 1 the exchange of a commodity for money etc.; an act or instance of selling. 2 the amount sold (the sales were enormous). 3 the rapid disposal of goods at reduced prices for a period esp. at the end of a season etc. 4 a an event at which goods …   Useful english dictionary

  • Firm Commitment — 1. A lending institution s promise to enter into a loan agreement with a specific entity within a certain period of time. 2. An underwriter s agreement to assume all inventory risk and purchase all securities directly from the issuer for sale to… …   Investment dictionary

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