A quotation is an estimate provided by a seller to a potential buyer that details the cost of goods or services. In finance, it could refer to the offered price for a loan, insurance policy, or investment product. The quotation may include the price per unit, terms of service, and other financial specifics. While it is not a legally binding agreement until accepted, a quotation helps buyers compare options and make informed decisions. Financial quotations can fluctuate due to market conditions, influencing final agreements.