Quotation (redirected from Literary quotations)

Quotation

Highest bid and lowest offer (asked) price currently available on a security or a commodity.

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quotation

A statement or listing of the price at which a security trades. A quotation is often the last price at which the trade took place, but occasionally it is the current bid and ask. For example, a quotation of $15-$15.25 means that the market maker is willing to buy at $15 per share (the bid) and sell at $15.25 per share (the ask). Also called quote.

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Quotation (Quote). On a stock market, a quotation combines the highest bid to buy and the lowest ask to sell a stock.

For example, if the quotation on DaveCo stock is "20 to 20.07," it means that the highest price that any buyer wants to pay is $20, and the lowest price that any seller wants to take is $20.07.

How that spread is resolved depends on whether the stock is traded on an auction market, such as the New York Stock Exchange (NYSE), or on a dealer market, such as the Nasdaq Stock Market, where the price is negotiated by market makers.