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

Category: Finance

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,

PREPAID ASSOCIATION DUES

The fees charged by a company that is a part of a recognized organization. An example of such fees would be the rental fees charged by a rental company for the upkeep

PREPONDERANCE OF EVIDENCE

An evidence presented that provides more convincement than the pre-existing evidence presented in court. As such, the jury makes its verdict in the favor of the party which has a preponderance of

PRESUMPTION OF INNOCENCE

A system that is prevalent in the Commonwealth Nations where a defendant who enters trial is presumed to be innocent of the crime. However, this presumption only holds until the defendant is

PRIMARY RECORD

An original document that contains original signatures, seals,etc.

PRINTER CONTROLLER

A printed circuit board that often has its own own CPU. It converts the system’s output into a commang that is readable by the printer and helps it to print pages.

PRIVACY LAW

A regulation or law that safeguards the intention of an intention to not be disturbed, and not collate any information pertaining to him/her.

PRIVATE MORALITY

The private conduct of an individual that not of concern to the society or the government and thus does not warranty an intrusion. In contrast, public morality refers to the actions that

PROBABILITY OF ACCEPTANCE

When subject to a specific sampling routine, it is the standard percentage of goods that is deemed to be of acceptable quality.

PROCEDURAL LAW

The technical aspects of a legal system that states the steps that need to followed while enforcing criminal or civil law.

PRODUCT FRANCHISING

Order in which a firm or franchiser supplies a product family to a certain dealer or franchisee who associates with the brand name of the producer. Usually product franchisees are exlusive brand

PROFIT

It is total revenue minus total cost. It is th amount on which the tax is levied.

PROMOTER

A person or persons who want to sell or put forward and idea for a project or a business plan to another party. The other party can decide to lend support or

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.