quote investment & finance definition

A firm offer to buy or sell a certain security at a specific time. Quotes are given for the price at which the market maker is willing to buy or sell the security. The quote may be given in the form “$45 to $45.10,” which means that the best bid price is $45 (the highest price that buyer is willing to pay is $45) while the best offer price (the lowest price that a seller will sell for) is $45.10.