quotation
Definition 1
Contracting: Formal statement of promise (submitted usually in response to a request for quotation) by potential supplier to supply the goods or services required by a buyer, at specified prices, and within a specified period. It may also contain terms of sale and payment, and warranties. Acceptance of quotation by the buyer constitutes an agreement binding on both parties.
Definition 2
Trading: Bid and asked price cited for the sale or purchase of a commodity or security.
Mentioned in these definitions
Mentioned in these terms
Popular 'Agreements & Contracts' Terms
quotation in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/quotation.html
