A quote for the price of a security in which the price is subject to change. Market makers occasionally make nominal quotes for valuation purposes only. It may also refer to a quote that is not an offer, but simply supplied for informational purposes.
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The approximate price of a security although no firm bid or ask price is implied. Also called subject quote. Compare firm quote.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.