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TeachMeFinance.com - explain Quota quota -- The quantity of goods of a specific kind that a country permits to be imported without restriction or imposition of additional duties. another definition... Quota -- A limitation on the quantity of goods that may be imported into a country from all countries or from specific countries during a set period of time. Export quotas have similar parameters. 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 © 2005 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.