Quote
A quote is a financial term used to describe the price of a security or commodity at a given time. It is the amount of money that an investor must pay to purchase a security or commodity. Quotes are typically expressed as a bid and an ask price, which are the highest and lowest prices that a buyer and seller are willing to transact at. Quotes are also used to compare the prices of different securities or commodities.
History of the Term
The term “quote” has been used in the financial world since the late 19th century. It was originally used to describe the prices of stocks and bonds on the New York Stock Exchange. Over time, the term has been used to describe the prices of other securities and commodities, such as currencies, futures, and options. Quotes are now used in many different markets around the world.
Comparison Table
| Security/Commodity | Bid Price | Ask Price |
|---|---|---|
| Stock | $50 | $51 |
| Currency | 1.25 | 1.26 |
| Futures | $100 | $101 |
| Options | $0.50 | $0.51 |
Summary
A quote is a financial term used to describe the price of a security or commodity at a given time. Quotes are typically expressed as a bid and an ask price, which are the highest and lowest prices that a buyer and seller are willing to transact at. Quotes are used to compare the prices of different securities or commodities and are used in many different markets around the world. For more information about quotes, you can visit websites such as Investopedia, The Balance, and Yahoo Finance.
See Also
- Bid Price
- Ask Price
- Spread
- Market Price
- Tick Size
- Tick Value
- Volume
- Open Interest
- Price Limit
- Price Movement
