Glossary
Definitions of terms used throughout CoreQuote and this Help Centre.
Quote
A formal price proposal sent to a customer. Contains line items, totals, valid period, and T&Cs.
Invoice
A payment request generated after work is agreed or completed. Tracks payments and outstanding balance.
Line Item
An individual entry on a quote or invoice — a material, labour rate, product, or custom item.
Material
A physical product in your pricing library (e.g. 22mm copper pipe, 2-core cable).
Rate
A saved labour price — hourly or daily — used on quote line items.
Product
A fixed-price item or bundle in your pricing library (e.g. Full Boiler Service, or Patio per sq metre).
Draft
A quote or invoice that has been saved but not yet sent.
Completed
A quote where the job has been done — can be converted to an invoice.
Approved
A quote the customer has digitally accepted via the web link.
Overdue
An invoice past its due date with an outstanding balance.
Magic Mailbox
A CoreQuote feature (Max tier) for auto-importing supplier price lists from forwarded emails.
Integration Hub
The screen where you manage price list imports and view accounting/CRM integrations.
Welcome Bonus
Extra quote credits awarded to new accounts on completing profile setup tasks.
Sort Code
UK bank identifier — 6-digit number in XX-XX-XX format.
IBAN
International Bank Account Number used for EU/international bank transfers.
Routing Number
US bank identifier — 9-digit ABA number.
BIC / SWIFT
Bank Identifier Code used for international transfers alongside an IBAN.
OCR
Optical Character Recognition — CoreQuote uses OCR to extract text from scanned documents and letterheads.