Quotation

In general business terms, this is a fixed price to be charged for goods or services (or combination thereof) provided to a customer in advance or works, or supply, being carried out. The quotation will often include a document for the customer to sign in 'acceptance' of the quotation. This form of advance pricing is distinct from an 'Estimate', which can be subject to variation of the final charge levied.

The term is also used as a statement of the current market price of a security or commodity.