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(1) Bid and offer price provided by a market maker for the purpose of evaluation or information, not as firm bid or offer price at which she is willing to trade. Also called Nominal Quotation. (2) A preliminary estimate of the price at which a financial instrument might be created. Indicative prices are quoted to customers for planning or valuation purposes, but they do not form the basis for an actual transaction without further discussion. Compare to Firm Price. See also Subject Bid or Offer, Work-Out Market.
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