![]() Who would want to use "quotation" which is longer and more difficult to pronounce?īut you have to note that each industry has a unique way of calling this "price estimation" and a possible answer to your question is It depends. I worked in a financial industry and traders (F/X, bond, stocks) all use just "quote", especially if you are a trader who executes tens of transactions in an extremely short time span. A quote by Shakespeare a quote from the man himself. However, for apartments or houses that are being built, chances are higher that you will get an estimate rather than a quote as their final price could be changed. I see a very slight difference in meaning: A quote from Shakespeare a quote taken from one of Shakespeares plays or poems. You need to consider various unforeseen developments and other cost factors.įor example, when you are a realtor (real estate agent), you usually get quotes or quotations for a house which has already been built. However, "(price) estimate" is used for a project or products that are not made frequently and repeatedly. When you give a quote or quotation, you can't change a fixed price offer. ![]() For example, they are broadly used for financial products such as foreign (currency) exchange, stocks, and other related derivatives such as forwards and options. "(Price) Quote" or "(price) quotation" is usually used for instant or short-term sales (trade) for various products (such as mass-produced products or items) for which estimation of a price is not complicated. So far we found classic version to fit better our needs, but have encounter problem with Use UTC. If there is context around the word, you don't have to use "price". Hello, we are using OpenAcess ORM Classic in our project. In business, "price quote", "price quotation" or just "quote", "quotation" are synonymous. You should note that "(price) quote / quotation" and "(price) estimate" have different connotation in business.
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