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

Category: Finance

QUALIFYING CHILD

A person under the age of 19 years who satisfies four requirements to qualify. They must live with the person claiming a tax benefit, be a child of them, a foster child

QUALITY BY DESIGN

A systematic process throughout the design and manufacture of a product that ensures a good product is presented to the public for sale. If all steps of a development follow quality guidelines

QUALITY OF CONFORMANCE

While maintaining quality of a product, the product must still conform to all effective design and manufacturing processes. An efficient and effective method of manufacturing is still needed while quality control is

QUANTITATIVE ANALYSIS

The analysis of any measurable data. This data is verifiable and measurable. Data such as wages, earnings, market shares and other items.

QUARTERLY

A report or document that is released or repeated 4 times a year. It is done every 3 months. The documents or reports are produced evenly over the period of one year

QUERY BY EXAMPLE (QBE)

An example is provided that a query is similar to. The data base will look for items with the same characteristic.

QUITCLAIM DEED

A document that allows the transfer of a claim, be it an interest, right or title that the maker of the document may have in a property. The person granting the transfer

RADIO FREQUENCY INTERFERENCE (RFI)

The noise that is heard when one radio wave is inteferred with by another radio wave of the same length. An electronic buzz that is heard when tuning into radio stations.

RANGE CHART (R CHART)

A chart that is used to control the s tability of the variables of a product. A product will be stable over a set range of variables and it will tracked during

PREPAYMENT OF PREMIUMS

The prepayment of impending premiums. This can be accomplished either through the immediate payment of the present value of the premium or through the interest accumulated on a deposit.

PRESSURE HEAD

The hydrostatic or pressure head is the weight of a column of water of a specific height at the bottom of the column. It is expressed as the ‘foot head’ or ‘meter

PRICING POWER

The company’s ability to raise the price of a product without affecting its demand. A company that prodces a product that is unique or faces little competition has a high pricing power.

PRIORITIZATION

Principle: Things that need to be done first oughta be done first Process: Ranking of items on the basis of urgency or importance.

PRIVATE LABEL RIGHTS

A buyer’s right that allows the modification of the product according to their needs. For example, a business owner through the purchase of the private label rights is able to modify and

PROBABILISTIC INVENTORY CONTROL

A method that has its basis in the assumption of a relatively constant demand over time for inventory items. As such, the probability distribution of the demand is determinable, especially during the

PRODUCT

1. A product that is its finished stage, usually at the end of a production cycle. It is usually what a user needs or wants. 2.Law: A good distributed commercially that is

PROJECT APPRAISAL

Major theoritical evaluation of the economic, enviromental, financial, social, techinical and any other aspect in comparing with the projected objective.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.