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Finance Dictionary and Glossary of Investment Terms
A quote generated by a futures exchange or broker for contracts that have not traded for a specific period of time.
Used in the context of general equities. Bid and offer prices given by a market maker for the purpose of valuation, not as an invitation to trade; must be specifically identified as such by prefixing the quotes FYI (for your information) or FVO (for valuation only).
Bid and ask prices given by a market maker to indicate valuation but not as an offer to transact. also called numbers only quotation.