quotation

quotation definition - business

quotation

A statement or listing of the price for something. For example, a salesperson offers a potential buyer a quotation of $23,500 for a vehicle. A quotation of $15.01-$15.03 for stock means a potential buyer is willing to pay $15.01 per share (the bid), and a seller is asking $15.03 per share (the ask). Also called quote.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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