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TeachMeFinance.com - explain quotation (quote) quotation (quote) -- the highest bid to buy and the lowest bid to sell a security in a given market at a given time. A quotation might be, for example, "32 1/4 to 32 1/2" meaning that $32.25 is the highest price any buyer wanted to pay at the time the quote was given and $32.50 was the lowest price any seller would take at the same time, in the same exchange. historic definition... Quotation -- As commonly used the term quotation means price. 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.