Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Finance

PURSUANT

A document that is used to conform or acts in agreement to other conditions such as in rrference to an agreement or situation. In law it applies to a how an act

Q RATIO

The ratio between all assets held by a company and their replacement cost in today’s market. Assets include machinery and plane items needed to carry out the company’s trade. If the ratio

QUALIFYING RATIOS

The steps that are taken in order to determine if an individual meets the requirements of a lending institution for a loan. It also assesses their ability to pay of the loan

QUALITY CONTROL (QC)

A part of the quality assurance control that is used in the manufacture of a product. Each aspect of production is subject to its own quality control.

QUALITY OF EARNINGS

See also core earnings. The term that is used to differentiate between how a company earns its money. Money can come from investments and financing or from the primary operations that the

QUARTERLY SERVICES SURVEY

The Census Bureau will produce a survey every quarter that is considered to be an indicator of the trends in an economy. The survey provides estimates of the revenue from hospitals, nursing

QUESTION OF LAW

A question that ha sbeen raised about a point of law. It is not answered by the jury but will be answered by the judge.

QUOTED INVESTMENTS

The way in which a bond or stock will be treated when it reaches its maturity date. It is the acknowledged way a stock will act at its maturity date.

RADIOGRAPHY

A non-destructive and non-invasive method of seeing inside a particular object. The rays used are gamma and beta radiation and can pass through tissue to expose solid features that are found inside

RANK AND FILE

The general employees that do not include the managerial positions and department heads. It derives from a military term where soldiers stood according to rank and in lines or files.

PREPAYMENT PRIVILEGE

The prepayment privelege or right is the authority given to the borrower to settle the principal balance before the payoff date, without incurring a penalty.

PRESTIGE PRODUCTS

Products that are deemed to be of an extremely high quality, due to added benefits that the buyer will supposedly obtain from it, and thus such products are highly priced.

PRIMARY BUSINESS PURPOSE

Stating business as the primary purpose for undertaking a travel, as opposed to pleasure. For taxation purposes, a business travel is eligible for complete deductions in transportation and half price for meals.

PRINTER

A device that is usually external that prints materials that are desired by the user. The use of small pixels by the printer, allows the transder of the image from the screen

PRISONER’S DILEMMA

The triumph of cooperation and trust and loss of a blind pursuit of selfinterest. An illustration is provided by the problem that two inmates in separate cells face. The police offers them

PROBLEM-SOLUTION APPROACH

The sales approach taken by a salesman wherein he/she identifies the problems faced by a consumer and comes up alternative to tackle the problem through the product that is being promoted or

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