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

Category: Q

QUINTAL

A unit of metric measurement. It is the equivalent of one tenth of a tonne or one tenth of 100 kilograms. It is equal to 220 pounds.

QUALITATIVE RISK ANALYSIS

The measure of the relative risk that is involved with a product or service. It numbers from 1 to 10 and uses terms like very important, important, not important, not very important.

QUALITY MANAGEMENT SYSTEM (QMS)

A system that has been developed in order to maintain the desired quality and specififcations that have determined necessary for a product. The system will also work towards maximising efficiency in order

QUANTIFICATION

A number that is given to a subjective aspect of a phenomenom or object. It uses an arbitary scale to measure the attributes and characteristics that are exhibited by the object or

QUANTO OPTION

The guranteed rate of exchange between one countries exchange rate and another. The rate is guaranteed at the time.

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.

QUALIFIED WIDOW OR WIDOWER

This applies to a widower or a widow who is able to use the married tax option after a spouse has passed away. The qualified widower or widow is able to use

QUALITY ASSURANCE (QA)

This involves the quality of a product during manufacture and before it is sold. It is an assurance to the consumer that all standards have been met before they purchase the product.

QUALITY MEASURE

This is the measure, quantitatively, of the quality of a product. It measures the attributes and characteristics of the product that is being measured.

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

QUERY

The request fro information from a data base. It is in the form of a question and it can be asked about any subject that is contained in the specific database.

QUIRE

A quantity of paper. A measurement that is used to represent 24 sheets of paper traditionally. Now it is used to represent 25 sheets of paper.

QUALIFYING

A process that is used to ascertain if a buyer shows the right characteristics that will enables to act as a prospective buyer. These qualities include having the ability to purchase and

QUALITY BOND

This is a bond that is issued by a company that has a good credit rating. A high or good credit rating wil result in a quality bond being released.

QUALITY OBJECTIVE

The level of quality that has been deemed suitable for each product. It is the quality that a product is wanted to reach before it is made available for sale to the

QUANTITATIVE

A measurable quantity of an object. It can be size, dimensions, thickness, lightness or hardness. If something can be measured and identified.

QUARANTINE STOCK

An inventory of specific items that are kept for an emergency situation or items that are set aside for a specific use.

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