- Quotation
- The bid and offered prices a dealer is willing to buy or sell at. The New York Times Financial Glossary
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1. COMMERCE a written statement of how much something will cost, for example some building work; = QUOTE:• Could you give us a quotation for fixing the roof?
• an insurance quotation
2. FINANCE the price of a share on a stockmarket, either its selling price or its buying price:• The company processes the stock quotations from all of the nation's major exchanges.
• the day's listing of mutual fund quotations
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Current price or rate given in the market or exchange. Not necessarily the price at which a trade will be made.* * *
quotation UK US /kwəʊˈteɪʃən/ noun (INFORMAL quote)► [C] COMMERCE a statement of how much a job, service, or product will cost: a quotation for sth »You can request a quotation for professional indemnity insurance online.
get/give sb/ask for a quotation »Get at least three quotations for the work.
»Written quotations are available on request.
► [C] UK STOCK MARKET the price of a company's shares on a stock market at a particular time: »In a few years, trading securities will be digital and people will be able instantly to get stock-price quotations.
»By publishing quotations, the market maker raises the profile of the security.
► [C, U] STOCK MARKET if a company's shares have a quotation on a particular stock market, they are being traded on it: »A quotation on the London market is a logical next step.
»In 2005 the company withdrew its shares from public quotation .
→ See also APPLICATION FOR QUOTATION(Cf. ↑application for quotation), NOMINAL QUOTATION(Cf. ↑nominal quotation)
Financial and business terms. 2012.