The Law Dictionary

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

Category: Q

QUIET TITLE

a suit brought about to obtain a determination as to the title of a certain piece of property.

QUALIFICATION OF SIGNATURE

The recording of a persons signature. The name of the person is verified from other means of identification and then used to verify that signature.

QUALIFIED DOMESTIC TRUST

This allows a foreigner in the US to get benefits from a spouse who is a US citizen. The benefits can be from estates, pension and retirement plans and to receive medical

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 AUDIT

A periodic inspection to test the quality assurance of a product. All aspects of production such as safety compliance and quality control is assessed. It is used to determine whether a product

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

QUANTIFIABLE

A way of assessing the performance of a company through ratios. The ratios are from measurable factors available during the processing method.

QUANTITY THEORY OF MONEY

A concept used in economics that states that the m oney supply willaffect the level of economy and the rate of inflation.

QUASI-INSURANCE INSTITUTIONS

An institution that acts like an insurance company that has been set up by a government. It will act like an insurance company but it will not be an insurance company.

QUICKBOOKS

A software package that is used for bokkeeping that incorporates many programs into one easy to use program. The software is customisable and incorporates spreadsheets, tables and tracking sheets in one easy

QUALIFICATION PROCESS

The process that is required in order to ensure that a particular product is suitable for the intended purpose. A product will need to meet a pre-set lot of specifications in order

QUALIFIED ELECTRIC VEHICLE

A new vehicle that has to meet the requirements to qualify. It must have 4 wheels, an electric motor that runs on rechargeable fuel cells or batteries, and have been driven mainly

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 AUDITOR

An independent third party whom carries out the quality audit. This person has no interest in the company and is not there to pass comment on the product. The auditor is there

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.

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.