QUOTATION

quotation. 1. A statement or passage that is exactly reproduced, attributed, and cited. 2. The

amount stated as a stock’s or commodity’s current price.

market quotation.The most current price at which a security or commodity trades. [Cases:

Exchanges 13.]

3. A contractor’s estimate for a given job. — Sometimes shortened to quote. [Cases: Contracts

229(1). C.J.S. Contracts § 379.] [Blacks Law 8^th]