All Definitions »Bonafide Quote

Bonafide Quote Meaning & Definition

Pass Rate

Over 25 years and 400,000 exams

Assured Success

If you use our practice exams

Chat & Call Support

We are with you every step of the way

Definition of Bonafide Quote

Bonafide Quote is a quote entered into the market representing the intention of a firm to execute the order under the condiitions displayed. A bonafide quote is a firm quote for the number of shares of stock or number of bonds displayed.

Applying "Bonafide Quote" to Securities Exams:

Bonafide quotes are firm quotes that may be executed under the terms and conditions displayed in market. A dealer may be held to the terms of a bonafide or firm quote. if a dealer entered a fictitious quote it would be a violation as it would not represent the dealer’s intention to trade at those prices. A nominal quote may be given for informational purposes and the dealer may not be held to the prices of nominal quote

Choose Your Exam