Quotation

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quotation

1. Commerce a statement of the current market price of a security or commodity
2. an estimate of costs submitted by a contractor to a prospective client; tender

Quotation

 

the determination of rates of exchange of foreign currencies, securities (stocks and bonds), or values of commodities on an exchange.

In capitalist countries the quotation service is generally carried out by a special body of a commodity, stock, or currency exchange (usually by a quotation commission); the quotations are published in exchange bulletins on wholesale prices for commodities, values of securities (stocks and bonds), and rates of exchange of foreign currencies. Only the securities of the limited number of joint-stock companies that control a major share of production in various sectors of the national economy are permitted to be quoted on the exchanges. For example, in the United States in the mid-1960’s, the securities of fewer than 0.1 percent of the total number of American corporations were quoted.

Rates of exchange of foreign currencies are established by state currency bodies. Black market exchange rates generally function side by side with the official currency rates. Two basic methods of quotation of foreign currency exist: direct and indirect. The more common is direct quotation, in which the unit of foreign currency is expressed in terms of national currency (for example, in mid-1973 in France US $1 equaled 4.6041 French francs). In indirect quotation, used mainly in Great Britain, the unit of national currency is expressed in terms of foreign currency (£1 equaled $2.58).

In the USSR, foreign currency rates are quoted by the Gos-bank (State Bank) of the USSR and are published monthly in a bulletin. Direct quotation is used.

M. IU. BORTNIK


Quotation

 

a literal excerpt from a written work. A quotation is an authoritative statement that most precisely expresses an idea that a writer wishes to support. Quotations are also used to criticize an idea cited and as valuable factual material to illustrate a point. They are found mostly in scholarly works (usually in the humanities) and official and business texts. They are either enclosed in quotation marks or italicized and are accompanied by a reference to the source.

Provided that the quoted author’s ideas are not distorted, it is permissible to modernize the spelling and punctuation and to omit a word or words, marking the omission by a series of dots (ellipsis points).

quotation

A price quoted by a contractor, subcontractor, material supplier, or vendor to furnish materials, labor, or both.
References in classic literature ?
I will explain that the Oracle is an innocent old ass who eats for four and looks wiser than the whole Academy of France would have any right to look, and never uses a one-syllable word when he can think of a longer one, and never by any possible chance knows the meaning of any long word he uses or ever gets it in the right place; yet he will serenely venture an opinion on the most abstruse subject and back it up complacently with quotations from authors who never existed, and finally when cornered will slide to the other side of the question, say he has been there all the time, and come back at you with your own spoken arguments, only with the big words all tangled, and play them in your very teeth as original with himself.
The capitalist does not run every hour to the broker to coin his advantages into current money of the realm; he is satisfied to read in the quotations of the market that his stocks have risen.
Master Charmolue exhibited an alarming note book, and began to read, with many gestures and the exaggerated accentuation of the pleader, an oration in Latin, wherein all the proofs of the suit were piled up in Ciceronian periphrases, flanked with quotations from Plautus, his favorite comic author.
I expect a good solid paper, with plenty of quotations from the classics.
When she had finished a page she handed it to her husband, or gave him the sense of what she was reading in a series of short quotations linked together by a sound at the back of her throat.
Sprague indulged, preferring well-sanctioned quotations, and liking refinement of all kinds: it was generally known that he had some kinship to a bishop, and sometimes spent his holidays at "the palace.
Browning, he guides the reader to his works, or division of work, seriatim, making of each a distinct and special study, and giving a great deal of welcome information about the poems, the circumstances of their composition, and the like, with delightful quotations.
I have come upon her in lonely places, such as the stair-head or the east room, muttering these quotations aloud to herself, and I well remember how she would say to the visitors, 'Ay, ay, it's very true, Doctor, but as you know, "Eheu fugaces, Postume, Postume, labuntur anni,"' or 'Sal, Mr.
His favourite subjects were church discipline, rites and ceremonies, apostolical succession, the duty of reverence and obedience to the clergy, the atrocious criminality of dissent, the absolute necessity of observing all the forms of godliness, the reprehensible presumption of individuals who attempted to think for themselves in matters connected with religion, or to be guided by their own interpretations of Scripture, and, occasionally (to please his wealthy parishioners) the necessity of deferential obedience from the poor to the rich--supporting his maxims and exhortations throughout with quotations from the Fathers: with whom he appeared to be far better acquainted than with the Apostles and Evangelists, and whose importance he seemed to consider at least equal to theirs.
is its abundant illustrative quotations from eminent poets, chief of
Amid dissertations on mathematics and philosophy and spoutings and quotations, I sang all the old songs learned in the days when I went from the cannery to the oyster boats to be a pirate--such songs as: "Black Lulu," "Flying Cloud," "Treat my Daughter Kind-i-ly," "The Boston Burglar," "Come all you Rambling, Gambling Men," "I Wisht I was a Little Bird," "Shenandoah," and "Ranzo, Boys, Ranzo.
Rockefeller owns Standard Oil stock worth between four and five hundred millions at the market quotations.