Quality Management
DefinitionQuality management ensures that an organization, product or service is consistent. It has four main components: quality planning, quality assurance, quality control and quality improvement. Quality management is focused not only on product and service quality, but also on the means to achieve it. Quality management, therefore, uses quality assurance and control of processes as well as products to...
Qualified Distribution
What is a 'Qualified Distribution' Distributions made from a Roth IRA that are tax and penalty free. In order to be a qualified distribution, the following two requirements must be met: 1) It must occur at least five years after the Roth IRA owner established and funded his/her first Roth IRA 2) At least...
Qualified Foreign Institutional Investor – QFII
DefinitionThe Qualified Foreign Institutional Investor program, one of the first efforts to internationalize the RMB, represents China's effort to allow, on a selective basis, global institutional investors to invest in its RMB denominated capital market. Once licensed, foreign investors are permitted to buy RMB-denominated "A shares" in China's mainland Shanghai and Shenzen stock exchanges. Thus foreign investors benefit from...
Qualified Mortgage Insurance Premium
What is a Qualified Mortgage Insurance Premium A qualified mortgage insurance premium (MIP) is a type of mortgage insurance that homebuyers are required to purchase if they are putting less than 20% down on their home. This insurance protects lenders from borrower default and covers a portion of the lender's losses if the borrower does default. MIPs are paid by...
Queuing Theory
DefinitionQueueing theory is the mathematical study of waiting lines, or. A queueing model is constructed so that queue lengths and waiting time can be predicted. Queueing theory is generally considered a branch of operations research because the results are often used when making business decisions about the resources needed to provide a service. Queuing Theory What is...
Quantity Theory Of Money
DefinitionIn monetary economics, the quantity theory of money states that the general price level of goods and services is directly proportional to the amount of money in circulation, or money supply. Quantity Theory Of Money What is the 'Quantity Theory Of Money' The quantity theory of money is a theory about the demand for money in an...
Qualified Terminable Interest Property (QTIP) Trust
What is a Qualified Terminable Interest Property (QTIP)? A Qualified Terminable Interest Property, or QTIP, is a type of trust that provides income to a spouse during their lifetime, with the remainder of the assets going to other beneficiaries upon the death of the spouse. The key feature of a QTIP is that it allows the trustor, or the person...
Qualified Institutional Buyer (QIB)
What is a 'Qualified Institutional Buyer - QIB' A qualified institutional buyer (QIB) is a corporation that is deemed to be an accredited investor as defined in the Securities and Exchange Commission’s (SEC) Rule 501 of Regulation D. A QIB owns and invests a minimum of $100 million in securities on a discretionary basis; the broker-dealer threshold...
Qualified Personal Residence Trust (QPRT )
What is 'Qualified Personal Residence Trust – QPRT ' A specific type of trust that allows its creator to remove a personal home from his or her estate for the purpose of reducing the amount of gift tax that is incurred when transferring assets to a beneficiary. Qualified Personal Residence Trusts allow for the owner of the...
Qualified Appraisal
What is a qualified appraisal and why do you need one When you're buying or selling a home, it's important to have a qualified appraisal. This is an estimation of the property's value, typically conducted by a professional appraiser. The appraisal can be used as guidance for pricing the home and can also help to secure financing. In some cases,...