Quotation letter definition. A quotation is a specific offer for sale. It is sent in response to an inquiry from a particular person or business house. Thus it is a reply message to an inquiry from a potential buyer..Business Letter for Quotation. Business letters are formal in nature. They are meant to convey business information to a concerned person or organization. The style of the letter depends upon the relationship between the two parties or the client and the customer..Definition of quotation Contracts A formal statement of promise submitted usually in response to a request for quotation by potential supplier to supply the .
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