Business Dictionary :
Quote and Quotation
Quote : verb : to repeat words used by someone else
Quote : verb :
(a) to repeat a reference number
• He quoted figures from the annual report.
• In reply please quote this number.
• When making a complaint please quote the batch number printed on the box.
• He replied quoting the number of the account.
(b) to estimate or to say what costs may be
• To quote a price for supplying stationery
• Their prices are always quoted in dollars
• He quoted me a price of £ 1 ,026
• Can you quote for supplying 20,000 envelopes?
Quote : noun : (informal) estimate of how much something will cost
• To give someone a quote for supplying computers
• We have asked for quotes for refitting the shop
• His quote was the lowest of three.
• We accepted the lowest quote.
Quotation : noun :
(a) estimate of how much something will cost
• They sent in their quotation for the job.
• To ask for quotations for refitting the shop
• His quotation was much lower than all the others.
• We accepted the lowest quotation.
(b) Quotation on the Stock Exchange or Stock Exchange
Quotation = listing of the price of a share on the Stock Exchange
• The company is going for a quotation on the Stock Exchange = the company has applied to the Stock Exchange to have its shares listed
Business Dictionary Index
• We are seeking a stock market quotation.
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