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

Category: Finance

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 LIFE

The daily activities that people undertake that have been enhanced by external factors. These factors are natural factors such as good water, clean air, outdoor activities, open spaces. It also relates to

QUANTITATIVE RESEARCH

Sampling techniques that can be defined and assigned numerical values. The data is then manipulated mathematically in order to bring about a result.

QUARTER-ON-QUARTER

The seperation of an asset that is intangible and is divided into four quarters or equal pieces. An example is dividing the ownership of a property among four parties.

QUEUE TIME

The time that is taken while being in a queue an dwaiting for work to be done or completed. The time taken for before a result is acheived. The time aproduct will

QUOTED PRICE

A written or verbal agreement that will cover the cost of repairs or for the purchase of a set number of items or a set service that is required. If a quoted

RADIOISOTOPE

The known chemical variant of a naturally occuring element that is a mutated type and is subsequently mutagenic, carcinogenic and dangerous to living flesh.

RAPID PROTOTYPE

A model that is 3 dimensional and generated by a computer from a CAD drawing. The creation of this prototype model is made using different techniques. These techniques are selective laser sintering,

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

PRODUCT CHAIN

The processes that are involved in the creation of the final product.

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