indicative price

Definition

A nominal quote for a security which is neither a firm nor binding. This preliminary estimate of the bid and offer price provided by market makers is often used by traders to evaluate the security and to formulate their trading strategies.

Use indicative price in a sentence

If you want to know how much you should be paying then you need to figure out what the indicative price is.

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The indicative price was given to us by the businessman, we were unable to confirm that this would be a binding price.

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Maureen had gotten an indicative price estimate on the securities she was considering buying, but you sighed and worried that you never can tell.

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indication pricing schedule indicative quote