Is quote and quotation the same?

The terms "quote" and "quotation" are related but not exactly the same. A "quote" is often used informally to refer to a specific excerpt or statement that is cited, while "quotation" is a more formal term that refers to the act of quoting or the actual text being cited. In essence, a quote is a shorthand version of a quotation, but both convey the same idea of referring to someone else's Words.