Source : Webster's Revised Unabridged Dictionary (1913)

Quotient \Quo"tient\, n. [F., fr. L. quoties how often, how many
   times, fr. quot how many. See {Quota}.]
   1. (Arith.) The number resulting from the division of one
      number by another, and showing how often a less number is
      contained in a greater; thus, the quotient of twelve
      divided by four is three.

   2. (Higher Alg.) The result of any process inverse to
      multiplication. See the Note under {Multiplication}.

Source : WordNet®

quotient
     n 1: the ratio of two quantities to be divided
     2: the number obtained by division

Source : Free On-Line Dictionary of Computing

quotient
     
        The number obtained by dividing one number (the "numerator")
        by another (the "denominator").  If both numbers are
        {rational} then the result will also be rational.