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TeachMeFinance.com - explain Equivalent historic definition... Equivalent -- This word when applied to the price of a stock means a price that is equal to the price for the sanme stock when it is quoted on a different basis. The price in London of an American stock is equivalent to the price in New York when the stock is selling in London at a price which, after allowing for the difference in the method of quoting, is equal to the price at which the stock is selling in New York. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.