How Do You Spell REQUOTE?

1. The term "requote" typically refers to the act of providing a revised or updated quotation or price estimate for a particular product or service. In business and financial contexts, it commonly refers to the process of generating a new quote or pricing information for a previously quoted item or service. When a customer or client requests a change in the specifications, quantities, or other factors affecting the pricing, the seller or service provider may be required to requote.

   The purpose of a requote is to reflect any modifications to the original quote accurately. This could involve recalculating the costs, taking into account the new variables, or considering any additional expenses associated with the changes requested. It often serves as a means to ensure transparency and provide the customer with an accurate representation of the final cost.

   Requoting is particularly prevalent in industries where prices are subject to fluctuations, such as trading or financial services. In these cases, the act of requoting may also involve updating exchange rates, interest rates, or other market-related variables as part of the revised quotation. Additionally, the term "requote" may be utilized within the context of recalculating pricing for insurance policies, freelance services, or any other situation where price adjustments are necessary due to changes in circumstances or customer requirements.

The word "requote" is derived from the combination of two words: "re-" and "quote".

The prefix "re-" comes from Latin and means "again" or "back". It denotes repetition or the act of doing something again.

The word "quote" originated from the Latin word "quotare", which means "to mark a number". In English, it initially referred to the act of citing or referencing someone's words, particularly in writing or speech, and has evolved to encompass various related meanings.

Therefore, the etymology of the word "requote" suggests the act of quoting again, repeating a previous quotation, or providing a revised or updated version of a previous quote.

Conjugate verb Requote