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

Category: Finance

QUANTISE

The different amount in dollars of an item on a different exchange. The dexription is changed along with the exchange.

QUARANTINE BENEFIT

A benefit that is made for any time that is lost due to a period of quarantine. The benefit will be paid out when a health department or authority demands something is

QUEEN’S COUNSEL

A position in UK courts that can be bestowed on a barrister with at least 10 years experience who is then recommended for the position. The Lord Chancellor will offer the recommendation.

QUINTILE

Just one of the four values or points in a group of five each being one fifth of the total. It will divide a range into five equal parts.

RADICAL PROCESS IMPROVEMENT (RPI)

A method of reducing a process that may usually take months to happen, to make it happen in a much shorter period of time. An acceleration process that is sued in times

RANDOM

Events or data that acts ofm its own accord. It will show no recognised pattern or direction that can be plotted for the anticipation of future actions. A random event or action

PREPARATION

In anticipation of a future event, preparation helps to make something ready to be utilized.

PRESETTLEMENT RISK

The risk associated with the failure of the couterparty to settle the required amount.

PRIOR PERIOD

Costs and revenues that were documented in the firm’s financial statements from the previous year.

PRIVATE GOOD

The consumption of an item, that deems it unusable for another individual or party.

PROACTIVE

A behaviour that focuses on results and actions rather than acting when something happens. This type of behaviours aims to identify and take advantage of opportunities and also to prevent potential threats

PROBATING A WILL

The submission of a will to a probate court that will rate it and approve the distribution of the assets to the concerned entities.

PRODUCER

An individual or entity that produces animal, agricultural or botanic products mainly through the natural processes, but with a little bit of stimulation provided by nutrients, labor, etc.

PRODUCTIVITY AND COSTS

A macroeconomic tool used to measure the rate of inflation over a certain period of time, normally in decades. Productivity refers to the capacity to produce and cost refers to the economic

PROGRESSIVE PAYMENTS

Distribution of payment period at certain different stages, to be made to a contractor, according to the work being done.

PROOF OF SERVICE

Legal documents. Proof that a legal document has been delivered and accepted by the party it is intended for. Documents such as a writ or a subpoena to appear in court on

PROPRIETARY ESTOPPEL

A legal precedent that will prevent a party from denying the right that another party has in the first party’s property. The second party will have had costs in relation to the

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