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 periodicals archive ?
Quote Calculators are forms that customers fill in to get an indicative price of the services/products a business offers.
For example, one algorithm submits a quote that causes another algorithm to reply, causing the first algorithm respond.
Rader loves quotes and the buzz among some of my students is "throw in a quote and you're golden." Recently my Special Education students at the University of Tennessee at Chattanooga presented their final case studies.
The study compared quotes from eight firms and found most are willing to haggle with consumers who hit them with competitors' quotes.
They further expressed that some of the new companies have filed a case in Lahore High Court which in its judgment directed to hold 5000 quote for new companies.
"A single platform allows carriers to work with agents and provide quotes for a range of risks, and then generate a bindable quote by connecting to carriers' production rating systems," Pelenur said.
They might learn something." Following this quote is one by M.
Over time, the reporter starts to build his stories around the quote.
Robertson Quote: "The fact that [the courts] are trying to ignore this country's religious heritage is just horrible.
First and foremost, gatekeeping means, simply, that the sales staff should not call on non-compatible accounts and should not quote non-compatible jobs (unless they represent a small fraction of a large package of compatible work which must be quoted as a complete unit).
(IDC; Bedford, MA), a company which is 62% owned by Pearson, has signed a definitive agreement to acquire Quote. com and related assets from Lycos (Waltham, MA) for $30 million in cash.
Best Quote: "It's as if you are going to put your knee in your ear."