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QUIET TITLE

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

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QUASI IN REM

Latin term applied to the action based on a claim for money damages where a defendant’s property is subject to jurisdiction of the court.

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QUALIFIED DISCLAIMER

a valid disclaimer of an interest in a property that is subject to gift band estate tax.

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QUALIFICATION REQUIREMENT

This requirement is needed before a contract or such can be awarded to a contractor. Certain requirements are needed to be met before a contract is awarded or a new position given to someone. It is also a means of reaching a certain office and being granted that position.

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QUALIFIED ENDORSEMENT

An endorsement that has certain qualifying terms to it. The terms are in words used to add limited scope or liability to the person doing gthe endorsement.

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QUALIFYING EVENT

A condition or an occurence that fulfills a set of specific criteria that will allow a payment of insurance benefits to an individual. It may also result in the termination of an insurance policy as the event or occurence is not allowed to happen under the set of criteria.

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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.

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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 public.

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QUANTISE

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

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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 kept in quarantine.

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QUASI-PUBLIC CORPORATION

A government regulated company that is not owned by the government but is owned privately. An example would be that of a federal contractor working for the Navy.

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QUICKTIME

A multi media software that enables people to watch and make videos, music and animation films. Developed and distributed by Apple. It is used to playback files that have been created.

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QUALIFICATION TEST

A test that is used to determine if an item passes a test that it is required in order for it tom be able to be used. It is a systematic examination to determine an items qualification for a job.

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QUALIFIED EQUIPMENT

This applies to any equipment that has reached a certain levels of requirement necessary to complete a job or project. It will have to reach minimum safety specifications and requirements in order to qualify.

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QUALIFYING RATIOS

The steps that are taken in order to determine if an individual meets the requirements of a lending institution for a loan. It also assesses their ability to pay of the loan in the future. The ratios exist between the money the person has to repay to the financial insititution compared with the money they are able to earn.

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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 then the end result will be a quality product.

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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 important.

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QUANTITATIVE

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

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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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QUATERNARY INDUSTRY

Through the use of modern technology, information is researched and developed in order to provide the information to other industries.

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