Quotation

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DEFINITION of 'Quotation'

A very common term which actually refers to two numbers - the highest bid price currently available for a security or commodity and the lowest ask price currently available for the same security/commodity.

INVESTOPEDIA EXPLAINS 'Quotation'

A security's or commodity's quotation represents two pieces of information: the price an investor would need to pay to purchase an asset at a particular moment in time (the lowest price "asked" by sellers) and the price an investor would receive for the same asset if they sold it at the same time (the highest "bid" by potential buyers). Taken together, the difference between the two represents the liquidity cost an investor incurs when trading an asset, since they must buy at the bid price and sell as the ask price.

RELATED TERMS
  1. Real-Time Quote

    This is the actual price of a security at that moment in time. ...
  2. Ask

    The price a seller is willing to accept for a security, also ...
  3. Valuation

    The process of determining the current worth of an asset or company. ...
  4. Bid-Ask Spread

    The amount by which the ask price exceeds the bid. This is essentially ...
  5. Bid

    1. An offer made by an investor, a trader or a dealer to buy ...
  6. Market Versus Quote - MVQ

    A comparison between the last price at which a security traded ...
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