Define: Quote

UK Accounting Glossary

Definition: Quote



What is the dictionary definition of Quote?

Dictionary Definition


  1. A quotation, statement attributed to someone else.
  2. A quotation mark.
  3. A summary of work to be done with a set price.

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Full Definition of Quote


In the financial markets, a quote is the price at which a security is trading, has recently traded, or both. For example, a stock quote may list the highest bid, lowest ask, and most recent transaction price. A stock quote can be either real-time or delayed. In the US, a delayed quote is available for free, but it reflects the market 15-20 minutes ago, depending upon the exchange. A quote may also report the size of the last trade, or specify the quantity that is associated with a bid or ask price. The quote is sometimes called a quotation. In commerce, a merchant may quote a series of prices for varies quantities. The quote of a lower unit price for a larger quantity is known as a quantity discount.


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Page URL
https://payrollheaven.com/define/quote/
Modern Language Association (MLA):
Quote. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. March 28, 2020 https://payrollheaven.com/define/quote/.
Chicago Manual of Style (CMS):
Quote. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/quote/ (accessed: March 28, 2020).
American Psychological Association (APA):
Quote. PayrollHeaven.com. Retrieved March 28, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/quote/

Definition Sources


Definitions for Quote are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th February 2020.