QUOTE Definition

QUOTE is to name the price of an asset or service, e.g. stock price or investment.

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TEASER RATE, in lending, is the initial rate set on adjustable-rate mortgages (ARMs) by the lender to attract prospective borrowers. It is the coupon rate an investor earns in the first year.

CASH BILL is a documented receipt of cash payment as opposed to an invoice or promise to pay.

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