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Meaning of estimated quote
A statement of the likely cost of something, based on current information and prices.
Etymology of estimated quote
The word "estimated" comes from the Latin "aestimare," meaning "to value" or "to appraise," and the word "quote" comes from the Latin "quotare," meaning "to mark with numbers."
The phrase "estimated quote" has been in use since the mid-20th century, as a way of providing a rough or approximate cost of something, often in a business or commercial context.
Synonyms
approximate quote
rough estimate
preliminary estimate
cost estimate
price quote
bid
tender
proposal
assessment
evaluation
appraisal
valuation
calculation
computation
reckoning
guess
guesstimate
projection
forecast
prediction
approximation
rough calculation
educated guess
informed estimate
detailed estimate
itemized quote
breakdown
analysis
review.
Definitions
- A quote that is not exact, but rather an approximation or rough estimate of the cost, often provided before the final price is determined.
- An initial or preliminary estimate of the cost, which may be adjusted or refined as more information becomes available.
- A calculation or assessment of the likely cost, based on factors such as materials, labor, and overheads.
Usage Examples
- The contractor provided an estimated quote for the building work, which we used to plan our budget.
- The company gave us an estimated quote for the software development project, which we accepted as a rough guide.
- The salesperson provided an estimated quote for the car repairs, which turned out to be higher than the final bill.
Antonyms
exact quote
precise estimate
final price
fixed cost
definite amount
certain price
firm quote
confirmed estimate
agreed price
settled cost
fixed quote
precise calculation
exact calculation
definitive estimate
absolute cost
unconditional price
unqualified estimate
outright cost
categorical quote
unequivocal estimate
unambiguous price.