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FIRM

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Originally appearing in Volume V10, Page 423 of the 1911 Encyclopedia Britannica.
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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.

End of Article: FIRM

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