Exact words or passages taken from a text or speech and repeated by someone else. In business, formal statements of the estimated cost for particular goods or services.
From Latin 'quotare' meaning 'to mark with numbers,' from 'quot' (how many). Originally referred to numbering text sections, later extending to citing specific passages and pricing goods.
The connection between literary quotations and business quotes reveals how commerce adopted academic precision - both involve exact reproduction of specific information. Famous quotations often become more powerful than their original context, like 'Houston, we have a problem,' which was actually 'Houston, we've had a problem!'
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