Quotation

A very common term which actually refers to two numbers - the highest bid price currently available for a security or commodity and the lowest ask price currently available for the same security/commodity.

Investopedia Says:

A security's or commodity's quotation represents two pieces of information: the price an investor would need to pay to purchase an asset at a particular moment in time (the lowest price "asked" by sellers) and the price an investor would receive for the same asset if they sold it at the same time (the highest "bid" by potential buyers). Taken together, the difference between the two represents the liquidity cost an investor incurs when trading an asset, since they must buy at the bid price and sell as the ask price.

Related Links:
We explain the meaning and use of that reel of symbols whizzing across your TV or computer screen. Understanding The Ticker Tape
Learn about six common types of financial tables and figure out how to interpret them. Reading Financial Tables Tutorial

Business: price estimate on a commercial project or transaction.

Investments: highest bid and lowest offer (asked) price currently available on a security or a commodity. An investor who asks for a quotation ("quote") on XYZ might be told "60 to 60.50," meaning that the best bid price (the highest price any buyer wants to pay) is currently $60 a share and that the best offer (the lowest price any seller is willing to accept) is $60.50 at that time. Such quotes assume Round-Lot transactions-for example, 100 shares for stocks.