quote

/kwəʊt/ verb

Definition

› [I or T] COMMERCE to tell a customer how much a job, service, or product will cost: quote sb sth A law firm in Washington D.C. quoted me a fee of $25,000 to get the paperwork done.quote for sth Some insurers will even decline to quote for new business if the home is in a risky area.

› [T] STOCK MARKET, FINANCE to give the current price of a company's shares or of a currency: The old system allows market makers to quote prices at which they will buy and sell large blocks of shares through all conditions.quote sth at $1.50/£2.25/75p, etc. The British pound was quoted at $1.5117, down from $1.5135 in New York.

› [T] UK STOCK MARKET to record a company's name on a stock exchange so that its shares can be traded there: quote sth on sth The Footsie is an average of the share prices of the biggest 100 companies quoted on the stock market. → Compare list verb

(Definition of quote verb from the Cambridge Business English Dictionary © Cambridge University Press)

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