Quotation

Definition: A phrase or a sentence from a book or a speech that reflects the author's profound thoughts. Quotations can have a multitude of natures -- amusing, interesting, thought provoking, sad, inspiring, or emotional. Often the word quote is used interchangeably with the word quotation. Strictly speaking, this is incorrect. To quote is a verb, and a quotation is a noun. So, in effect, you quote a quotation. Despite that, using quote instead of quotation is so prevalent that it is sometimes considered acceptable. In deference to popular usage, the Quotations GuideSite on About.com uses these words interchangeably.