Quotation

1) setting the exchange rates of foreign currencies, securities or commodity prices on stock exchanges. Markets are carried out by authorized state institutions, special bodies at the currency, stock, and commodity exchanges, and by large companies and banks on the unorganized market. On the stock exchange, the term "quote" means also. privilege - the right granted by the Board of the exchange to this security to be officially traded on the stock exchange. The complete price fixes the setting of prices offered by sellers and buyers and includes the buyer's and seller's rates at which the quoting organization will buy or sell securities, currencies, or commodities. The difference between the bid and ask rates represents the source of income for the listing entity. To. can be firm, that is, obliging the quoting organization to make a deal in accordance with it, or nominal, that is, optional for the quoting organization. There are the following types of K.: K. shares - the establishment of the market price of shares on the stock exchange; K. currency - the establishment of a market exchange rate, or a rate determined by the central bank and the regulatory legal acts of the government of the country; K. rates - official registration for a certain period of foreign currency or securities based on market rates; K. bonds - setting the market price of bonds sold and bought on the stock exchange; K. official - a single exchange rate and securities on a certain day, used for over-the-counter settlements; To. hard - To. certain types of securities, carried out outside the exchange by the most important participants in the exchange market; - To. commodity - the prices of exchange goods, registered and published by the quotation commission of the exchange; 2) in insurance - the premium rate at which the insurer is ready to accept the corresponding risk for insurance. K. can be obtained from several insurers in order to establish the most acceptable insurance conditions.