REQUOTE Meaning and
Definition
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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.
Etymology of REQUOTE
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
CONDITIONAL
I
would requote
you
would requote
he/she/it
would requote
we
would requote
they
would requote
CONDITIONAL CONTINUOUS
I
would be requoting
you
would be requoting
he/she/it
would be requoting
we
would be requoting
they
would be requoting
CONDITIONAL PERFECT
I
would have requote
you
would have requote
he/she/it
would have requote
we
would have requote
they
would have requote
CONDITIONAL PERFECT CONTINUOUS
I
would have been requoting
you
would have been requoting
he/she/it
would have been requoting
we
would have been requoting
they
would have been requoting
FUTURE
I
will requote
you
will requote
he/she/it
will requote
we
will requote
they
will requote
FUTURE CONTINUOUS
I
will be requoting
you
will be requoting
he/she/it
will be requoting
we
will be requoting
they
will be requoting
FUTURE PERFECT
I
will have requoted
you
will have requoted
he/she/it
will have requoted
we
will have requoted
they
will have requoted
FUTURE PERFECT CONTINUOUS
I
will have been requoting
you
will have been requoting
he/she/it
will have been requoting
we
will have been requoting
they
will have been requoting
IMPERATIVE
you
requote
we
let´s requote
to requote
PAST
I
requoted
you
requoted
he/she/it
requoted
we
requoted
they
requoted
PAST CONTINUOUS
I
was requoting
you
were requoting
he/she/it
was requoting
we
were requoting
they
were requoting
PAST PARTICIPLE
requoted
PAST PERFECT
I
had requoted
you
had requoted
he/she/it
had requoted
we
had requoted
they
had requoted
PAST PERFECT CONTINUOUS
I
had been requoting
you
had been requoting
he/she/it
had been requoting
we
had been requoting
they
had been requoting
PRESENT
I
requote
you
requote
he/she/it
requotes
we
requote
they
requote
PRESENT CONTINUOUS
I
am requoting
you
are requoting
he/she/it
is requoting
we
are requoting
they
are requoting
PRESENT PARTICIPLE
requoting
PRESENT PERFECT
I
have requoted
you
have requoted
he/she/it
has requoted
we
have requoted
they
have requoted
PRESENT PERFECT CONTINUOUS
I
have been requoting
you
have been requoting
he/she/it
has been requoting
we
have been requoting
they
have been requoting
