Legal Definitions - market quotation

A market quotation is a statement that provides the current price at which a security or commodity is trading. It is also known as a quotation. This statement is exactly reproduced, attributed, and cited.

For example, if you want to know the current price of a share of Apple stock, you can look up its market quotation. Let's say the market quotation for Apple stock is $150. This means that if you want to buy one share of Apple stock, you will have to pay $150.

Another example of a market quotation is a contractor's estimate for a given job. This is sometimes shortened to quote. For instance, if you want to renovate your kitchen, you can ask a contractor for a market quotation. The contractor will provide you with an estimate of how much the job will cost.

These examples illustrate how a market quotation provides the current price or estimate for a particular item or service. It helps buyers and sellers make informed decisions about buying or selling a security, commodity, or service.