Skip to content

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 Workout Quote

Workout quote is a non-firm quote that requires handling and settlement conditions to be worked out between the parties, prior to the trade.

Applying "Workout Quote" to Securities Exams:

Some times a transaction in in a non liquid security such as a penny stock or a municipal bond with a small float will have to have the terms and conditions of the trade worked out prior to execution. This may be due to the fact that the securities for which the workout quote has been given may have to be located in order to complete the transaction.

Preparing for an Exam?

Receive 15% off all your Securities Exam Prep materials

xref