Meaning of the word "price quote" in English

What does "price quote" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

price quote

US /praɪs kwoʊt/
UK /praɪs kwəʊt/
"price quote" picture

Noun

a document or statement that provides the cost of goods or services

Example:
We need to get a price quote for the new office furniture.
The contractor provided a detailed price quote for the renovation.