Firm


Firm
  An association, company, corporation, estate, individual, joint venture, partnership, sole proprietorship, or any other entity, however organized, including: (a) charitable or educational institutions; (b) the Federal Government, including corporations, departments, federal agencies and other instrumentalities; and (c) state and local governments.
  A firm may consist of (1) a parent entity, including the consolidated and unconsolidated entities (if any) that it directly or indirectly controls; (2) a parent and only its consolidated entities; (3) an unconsolidated entity; or (4) any part or combination of the above. Reporting by parent companies is preferred to minimize the possibility of double-counting or under-reporting.
  ■ Parent - A firm that is not directly or indirectly controlled by another entity.
  ■ Parent and its Consolidated Entities - A parent and those firms (if any) that are affiliated with the parent entity for purposes of financial statements prepared in accordance with Generally Accepted Accounting Principles (GAAP). An individual shall be deemed to control a firm that is directly or indirectly controlled by him/her or by his/her father, mother, spouse, children, or grandchildren.
  ■ Unconsolidated EntityUnconsolidated Entity - A firm that is affiliated with a parent entity but not consolidated with the parent entity for purposes of financial statements prepared in accordance with Generally Accepted Accounting Principles (GAAP). An individual shall be deemed to control a firm that is directly or indirectly controlled by him/her or by his/her father, mother, spouse, children, or grandchildren.
  ■ Affiliate - An entity that is directly or indirectly owned, operated, or controlled by another entity.
  ■ Parent and Affiliated Firms - A parent and those firms that are its consolidated and/or unconsolidated entities.
  U.S. Dept. of Energy, Energy Information Administration's Energy Glossary

Energy terms . 2014.

Synonyms:

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  • Firm — or The Firm can have several meanings:*Any business entity such as a corporation, partnership or sole proprietorship. This more general meaning is used in macroeconomics (in terms such as ideal firm size). *The word firm is sometimes used in a… …   Wikipedia

  • firm — adj Firm, hard, solid are comparable chiefly as meaning having a texture or consistency that markedly resists deformation by external force. Firm (opposed to loose, flabby) suggests such closeness or compactness of texture or a consistency so… …   New Dictionary of Synonyms

  • Firm — Firm, a. [Compar. {Firmer}; superl. {Firmest}.] [OE. ferme, F. ferme, fr.L. firmus; cf. Skr. dharman support, law, order, dh? to hold fast, carry. Cf. {Farm}, {Throne}.] 1. Fixed; hence, closely compressed; compact; substantial; hard; solid;… …   The Collaborative International Dictionary of English

  • firm — firm1 [fʉrm] adj. [ME ferm < OFr < L firmus < IE base * dher , to hold, support > Sans dhárma, precept, law, Gr thronos, armchair] 1. not yielding easily under pressure; solid; hard 2. not moved or shaken easily; fixed; stable 3.… …   English World dictionary

  • firm — Ⅰ. firm [1] ► ADJECTIVE 1) having an unyielding surface or structure. 2) solidly in place and stable. 3) having steady power or strength: a firm grip. 4) showing resolute determination. 5) fixed or definite: firm plans …   English terms dictionary

  • Firm — Firm, n. [It. firma the (firm, sure, or confirming) signature or subscription, or Pg. firma signature, firm, cf. Sp. firma signature; all fr. L. firmus, adj., firm. See {Firm}, a.] The name, title, or style, under which a company transacts… …   The Collaborative International Dictionary of English

  • firm — n [German Firma, from Italian, signature, ultimately from Latin firmare to make firm, confirm] 1: the name or title under which a company transacts business 2: a partnership of two or more persons that is not recognized as a legal person distinct …   Law dictionary

  • Firm — Firm, v. t. [OE. fermen to make firm, F. fermer, fr. L. firmare to make firm. See {Firm}, a.] 1. To fix; to settle; to confirm; to establish. [Obs.] [1913 Webster] And Jove has firmed it with an awful nod. Dryden. [1913 Webster] 2. To fix or… …   The Collaborative International Dictionary of English

  • firm — [adj1] inflexible close, close grained, compact, compressed, concentrated, concrete, condensed, congealed, dense, fine grained, hard, hardened, heavy, impenetrable, impermeable, impervious, inelastic, jelled, nonporous, refractory, rigid, set,… …   New thesaurus

  • firm — Adj erw. fremd. Erkennbar fremd (18. Jh.) Entlehnung. Entlehnt aus l. fīrmus fest, sicher, stark , wohl in Anlehnung an ne. firm.    Ebenso ne. firm. Hierzu unmittelbar firmen, zu dessen lateinischem Vorbild auch Firma und Firmament gehören; ein… …   Etymologisches Wörterbuch der deutschen sprache

  • firm — adverb is used mainly in two fixed expressions, to stand firm and to hold firm to. In all other contexts the natural adverbial form is firmly: The bracket was firmly fixed to the wall …   Modern English usage