Definitions
- Referring to a statement or passage from a book, speech, or other source. - Talking about providing a specific price for goods or services. - Describing the act of repeating or citing someone else's words verbatim.
- Referring to an approximate calculation or assessment of a quantity, value, or cost. - Talking about providing a rough idea or guess of something. - Describing the act of forming an opinion or judgment about something based on limited information.
List of Similarities
- 1Both involve providing information about a quantity, value, or cost.
- 2Both can be used in business or financial contexts.
- 3Both require some level of calculation or assessment.
- 4Both can be used to provide information to others.
What is the difference?
- 1Precision: Quote provides a specific and exact amount or statement, while estimate provides an approximate or rough idea.
- 2Source: Quote refers to a specific source or person, while estimate is based on calculations or judgments made by the person providing it.
- 3Purpose: Quote is often used to support an argument or provide evidence, while estimate is used to provide a rough idea or guess.
- 4Scope: Quote is typically used for smaller amounts or specific statements, while estimate can be used for larger amounts or more general ideas.
- 5Formality: Quote is often used in formal writing or speeches, while estimate can be used in both formal and informal contexts.
Remember this!
While quote and estimate are similar in that they both provide information about a quantity, value, or cost, they differ in their precision, source, purpose, scope, and formality. A quote provides a specific and exact amount or statement from a specific source, while an estimate provides an approximate or rough idea based on calculations or judgments made by the person providing it.
