A quotation of the current best bid / ask prices for an option or stock in the marketplace (an exchange trading floor). This information is usually obtained by the investor from someone at a brokerage firm. However, for listed options and stocks, these quotes are widely disseminated and available through various commercial quotation services.
See Also:
Market: A specific asset, security or commodity that is traded at an exchange.
Quote: The price being offered or bid by a market maker or broker-dealer for a particular security.