quotation

Definitions (2)
Related Terms
1. Contracts: A 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. A quotation may also contain terms of sale and payment, and warranties. Acceptance of quotation by the buyer constitutes an agreement binding on both parties.
2. Securities: The bid and asked price cited for the sale or purchase of a commodity or security.

Use 'quotation' in a Sentence

In class, we practiced using quotation marks at the end of sentences, as well as which ones were appropriate for each sentence.
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In some contracts there are different loopholes or fine print and you need to read what is in every quotation.
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Proffers Brown expected his student to use at least ten example of the correct use of quotation marks, as a warm up for their exam.
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