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

Category: Q

QUIET POSSESSION

Again the term does not mean with no noise. It means with no interference from another party. Each sale carries the implication that it can be owned without any interference.

QUALIFIED PRIVILEGE

1. A privilegde, that if used properly, can protect its holder for failure to perform a certain act. 2. The defense in an act of defamation thatb it was made free from

QUALITATIVE REQUIREMENTS

A list of requirements that do not include strict measurements as yet. This data will be used before any actual measureme ts or dimensions are set down.

QUALITY MANAGEMENT

The activities of management that will create a quality control policy. A department will determine and manage all aspects of quality control to maintain quality and to continue to improve it.

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-LOAN

An agreement that is between two parties where one party will borrow money from the other. The agreement is that the money will be paid back in the future but there are

QUINCUNX BOARD

Frank Galton invented this in the 1890’s in the UK. A tool that is used to represent and to create a frequency distribution. It has boards and pegs through which they pass

QUIET PERIOD

When a company cannot share any news because it is registering a new issue.

QUOTA SHARE

An agreement where an insurer agrees to absorb loss at a percent rather than a specified cash amount. Refer to surplus share.

QUOTED SPREAD

The difference between the bid and offer amount. The transaction has not yet occured. Refer to effective and realized spread.

QUOTEDRIVEN MARKET

When dealers give prices to traders who sell them. The price takes into consideration the supply and demand on the market. Refer to dealer and orderdriven market.

QUANTO

An options whose profits are from derivative into foreign currency. The investor can participate in the foreign markets and still be protected from risk. AKA guaranteed exchange rate option and quantity adjusted

QUICK ASSETS

The amount of a firms most liquid assets. They include stock, cash, accounts recievable, and securities. It is a measure of the current assets minus inventory. Refer to quick ratio.

QUICK RATIO

A company’s ability to use its near cash and quick assets to absorb liabilities.

QUICK DISPATCH

Speedy discharge of cargo without allowance for the customs or rules of the port or for delay from the crowded state ofthe harbor or wharf. Mott v. Frost (D. C.) 47 Fed.

QNASI ENTAIL

An estate pur autre vie may be granted, not only to a man and his heirs, but to a man and the heirs of hisbody, which is termed a “quasi entail;” the

Q VICARAGE

In English ecclesiastical law. The living or benefice of a vicar, as a parsonage is of a parson. 1 Bl. Comm. 387, 388.

QUADRAGESIMALS

Offerings formerly made, on Mid-Lent Sunday, to the mother church.

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.