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FIRM , an See also:adjective originally indicating a dense or See also:close consistency, hence steady, unshaken, unchanging or fixed . This word, in M . Eng. ferme, is derived through the See also:French, from See also:Lat. firmus . The See also:medieval Latin substantive firma meant a fixed See also:payment, either in the way of See also:rent, See also:composition for periodic payments, &c.; and this word, often represented by " firm " in See also:translations of medieval documents, has produced the See also:English " See also:farm " (q.v.) . From a See also:late Latin use of firmare, to confirm by See also:signature, firma occurs in many Romanic See also:languages for a signature, and the English " firm " was thus used till the 18th See also:century . From a transferred use came the meaning of a business See also:house . In the See also:Partnership See also:Act 1890, persons who have entered into partnership with one another are called collectively a firm, and the name under which their business is carried on is called the firm-name . |
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