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Business English vocabulary · Negotiations

Quote

Meaning in business english, with examples

/kwoʊt/nounCore term

In business english, quote means: A written or spoken statement of the exact price a supplier will charge for a particular job, product or service.

In Turkish: fiyat teklifi, teklif

How it is used

Buyers ask for, get or compare quotes; suppliers give or send them. 'Quotation' is the more formal word. As a verb: 'They quoted us 5,000 euros'. A quote usually has an expiry date.

Example sentences

  1. We've received three quotes for the new website, and Atlas is the cheapest.

  2. Could you send us a quote for 500 units, including delivery?

Common collocations

  • ask for a quote
  • get a quote
  • send a quote
  • quote for something
  • written quote
  • estimateA careful guess at a number, cost or amount of time, based on the information you have; also a written statement of the likely price of a job.
  • offerA statement that you are willing to sell, buy, pay or do something under certain conditions, which the other side can accept or reject.
  • discountAn amount or percentage taken off the usual price, for example for large orders, early payment or loyal customers.
  • invoiceA document sent by a seller that lists the goods or services provided and states how much the buyer must pay and by when.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Negotiations

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