Tag: legal
Quick-Rinse Bankruptcy
What is 'Quick-Rinse Bankruptcy' A bankruptcy proceeding that is structured to move through legal proceedings faster than the average bankruptcy. The term...
Quasi Contract
What is a 'Quasi Contract'
A quasi contract is an agreement between two parties without previous obligations to one another that has been created and...
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...
Quid Pro Quo
What is 'Quid Pro Quo' A Latin phrase meaning "something for something". This term is typically used in financial circles to describe...
Quiet Title
What is a Quiet Title Action
A quiet title action is a legal proceeding used to establish the ownership of real estate when there are...
Valued Policy Law (VPL)
Valued Policy Law (VPL) What is 'Valued Policy Law - VPL' A statute that requires insurance companies to pay the full value...
Vendor Note
What is 'Vendor Note' A type of debt instrument used in a particular type of short-term loan agreement in which the seller...
Fiat Money
DefinitionFiat money is a currency without intrinsic value that has been established as money, often by government regulation. Fiat money does not have use...
Water Damage Insurance
Most people only think about water damage insurance when they are in the middle of a flood or some other major water emergency. But...
Wasting Trust
What is 'Wasting Trust' A trust that holds plan assets when a qualified plan is frozen. A "wasting trust" derives its name...