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

Category: Q

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

QUALITY CIRCLE (QC)

Originating in Japan and called quality control circles. It is a small number of people between 6 and 12 that look after a certain aspect of quality control in the manufacture of

QUALITY OF DESIGN

The design of a product must include quality control. A quality design will produce a quality product and all aspects of the design must still enable the finished product to work as

QUANTITATIVE DATA

Data that is able to be measured and verified. Quantatative data can be defined. Qualitative data is described.

QUARTERLY REPORT

A report on company practices or finances that is released at quarterly intervals. The report is usually made available to stock holders and interested parties.

QUERY LANGUAGE

Also known as structured query language. The form that can be filled in order to start a search for some specific information.

QUOTA SAMPLING

This is a sampling method that specifies the representative group. An example might be from males aged between 30 and 40 years old.

Q RATIO

The ratio between all assets held by a company and their replacement cost in today’s market. Assets include machinery and plane items needed to carry out the company’s trade. If the ratio

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

QUALITY CONTROL (QC)

A part of the quality assurance control that is used in the manufacture of a product. Each aspect of production is subject to its own quality control.

QUALITY OF EARNINGS

See also core earnings. The term that is used to differentiate between how a company earns its money. Money can come from investments and financing or from the primary operations that the

QUARTERLY SERVICES SURVEY

The Census Bureau will produce a survey every quarter that is considered to be an indicator of the trends in an economy. The survey provides estimates of the revenue from hospitals, nursing

QUESTION OF LAW

A question that ha sbeen raised about a point of law. It is not answered by the jury but will be answered by the judge.

QUOTED INVESTMENTS

The way in which a bond or stock will be treated when it reaches its maturity date. It is the acknowledged way a stock will act at its maturity date.

Q’ SCHEDULE

A listing that is a requirement of the New York State Code. It is a schedule that is filed by an insurere with the particular state. It will be a list of

QUALIFYING SHARE

The number of shares that a member of the board needs to own to qualify to be on the board of directors of a company. If not enough shares are owned the

QUALITY CREEP

An aspect of constantly improving a product. As a product continues to be improved by the manufacturer the price will increase in direct proportion to the increase in quality. The price will

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.

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