[kwoht] 
verb, quot⋅ed, quot⋅ing, noun | 1. | to repeat (a passage, phrase, etc.) from a book, speech, or the like, as by way of authority, illustration, etc. |
| 2. | to repeat words from (a book, author, etc.). |
| 3. | to use a brief excerpt from: The composer quotes Beethoven's Fifth in his latest work. |
| 4. | to cite, offer, or bring forward as evidence or support. |
| 5. | to enclose (words) within quotation marks. |
| 6. | Commerce.
|
| 7. | to make a quotation or quotations, as from a book or author. |
| 8. | (used by a speaker to indicate the beginning of a quotation.) |
| 11. | quote unquote, so called; so to speak; as it were: If you're a liberal, quote unquote, they're suspicious of you. |
| quote (kwōt) v. quot·ed, quot·ing, quotes v. tr.
To give a quotation, as from a book. n.
[Middle English coten, to mark a book with numbers or marginal references, from Old French coter, from Medieval Latin quotāre, to number chapters, from Latin quotus, of what number, from quot, how many; see kwo- in Indo-European roots.] quot'er n. Usage Note: People have been using the noun quote as a truncation of quotation for over 100 years, and its use in less formal contexts is widespread today. Language critics have objected to this usage, however, as unduly journalistic or breezy. As such, it is best avoided in more formal situations. The Usage Panel, at least, shows more tolerance for the word as the informality of the situation increases. Thus, only 38 percent of Panelists accept the example He began the chapter with a quote from the Bible, but the percentage rises to 53 when the source of the quotation is less serious: He lightened up his talk by throwing in quotes from Marx Brothers movies. |
Quote
1. The last price at which a security or commodity traded, meaning the most recent price on which a buyer and seller agreed and at which some amount of the asset was transacted.
2. The bid or ask quotes are the most current prices and quantities at which the shares can be bought or sold. The bid quote shows the price and quantity at which a current buyer is willing to purchase the shares, while the ask shows what a current participant is willing to sell the shares for.
This is also known as an asset's "quoted price".
Investopedia Commentary
1. Quotes for stock and bond prices change throughout the trading day as new transactions occur one after another in a continual stream of trades. When you look up a stock quote for a given company, you are looking at the most recent price at which a trade was successfully executed for that particular security.
2. Potential investors or sellers in a company are more concerned about the bid and ask quotes as they reflect at what prices the stock can be bought or sold, while the price quote as defined in the first definition shows the price at which the stock traded most recently.
Related Links
Stock Basics Tutorial
The Basics Of Order Entry
Understanding Order Execution
Understanding The Ticker Tape
See also: Ask, Bid, Bond Quote, Quotation, Security, Stock Quote
Also spelled: quoted price
