Why is it called sales quote?

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AlexAD

Senior Member
Joined
Feb 7, 2011
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Student or Learner
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Russian
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Belarus
Current Location
United States
Hello,

I have got this excerpt from Wikipedia,

A sales quote is an estimated amount that a person selling something gives to a customer.
There is also a phrase product available for quote.

Do you have any ideas how the primary meaning of the verb quote being to repeat a passage, phrase, etc. evolved into the meaning of the verb estimate?

Thank you!

Alex
 
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