The Law Dictionary

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

Category: Q

QUALIFIED MEDICARE BENEFICIARY

A person who will qualify for a Medicare benefit due meeting a low income requirement. The level of income is dictated by the current poverty level. Anyone who receives income above this

QUALITATIVE

This describes a property that is associated with a certain item or product. It will describe the reputation, feel, smell, taste, image of a certain product. It can aslo be used to

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

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

QUERY BY EXAMPLE (QBE)

An example is provided that a query is similar to. The data base will look for items with the same characteristic.

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.

QUALIFIED ACQUISITION COST

A withdrawal amount that is taken early from an IRA that is used for financing a first home. Most early withdrawels will attract a penalty unless the withdrawal is used for the

QUALIFIED MORTGAGE INSURANCE PREMIUM

This applies only to mortgages that have been issued after 2006 and it can be claimed three years in a row. It is money for insurance that is paid on all FHA

QUALITATIVE ANALYSIS

An analysis of a product that bears no relation to the actual product itself. It is how a person feels about a product and not what the product actually can do. This

QUALITY CRITERIA

Quality requirements. A list or criteria that a product will need to meet in order to be of sufficient quality to be offered to consumers. The manufacture will creat a list of

QUALITY OF LIFE MANAGEMENT

An approach that is taken by management that is set in the belief that the community has to take charge to improve things and make it better for everybody.

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.

QUERY LANGUAGE

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

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 APPRAISAL

A document that is generated by a qualified appraiser after assessing the value of a property. The assessment must meet certain IRS standards and expectations. It must conform to the Uniform Standards

QUALIFIED PLAN

This is a plan that is exempt from tax. It is an approved retirement plan. The plan has been approved to be tax exempt by the IRS.

QUALITATIVE CHARACTERISTICS

These are a set of guidelines that must be followed in order to comply with an FASB ruling. A accountant will need to follow these specific guidelins in order to complhy with

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.