Quotation is the repetition of someone else’s statement or thoughts. Quotation marks are punctuation marks used in text to indicate the words of another speaker or writer. Both of these words are sometimes abbreviated as “quote(s)”.
Quotations often informally called “quotes” provide information directly; quoting a brief excerpt from an original source can sometimes explain things better and less controversially than trying to explain them in one’s own words. This page sets out guidelines for such use in Wikipedia articles.