The firm
Example: Firm operates as a business providing goods or services
Definition
"The firm" refers to a business organization, typically a partnership or company, that provides goods or services in exchange for payment. It is commonly used in finance and commerce to denote an entity engaged in commercial activities and legal transactions.
Etymology
The term "the firm" originates from the Latin word 'firmus,' meaning strong or steadfast. Over time, it came to describe a stable business entity. Did you know? The usage of 'firm' to mean a business dates back to the 16th century, emphasizing reliability and solidity in commerce.
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"The firm" appears in the Vocaplus list "English - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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