quotation(redirected from Famous quotations)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.
2. On an exchange, the last price at which a security, commodity, or derivative traded. This changes throughout a trading day and is recorded on the ticker.
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.
- the price and terms on which a firm is prepared to supply a good or service. Quotations often include detailed technical specifications of the product to be supplied, delivery dates and credit terms. Several suppliers may quote for a contract put out to TENDER by the purchaser.
- the price at which a MARKET MAKER is prepared to buy or sell a FINANCIAL SECURITY (STOCKS. SHARES etc.) or FOREIGN CURRENCY. Market makers often quote two prices, the price at which they are prepared to buy a financial security or currency and the price at which they are prepared to sell the security or currency
- permission from a STOCK MARKET'S regulatory authority for a company's shares to be traded ‘in that market. See LISTED COMPANY.