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Banking Acronyms

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Q

QA - Quality Assurance (all of the activities necessary to ensure that the customer receives satisfactory performance)

QA - quick asset (a highly liquid asset, such as cash, marketable securities, notes receivable, and accounts receivable that can be converted into cash)

QB - Qualified Buyers

QC - Quality Control (in auditing - procedures to establish an optimal level of audit performance)

QC - Quality Control (in organizational management - policies and techniques used to assure that some level of performance has been achieved)

QC - Quality Control (in manufacturing - procedures to achieve a desired level of satisfaction in the process or in the quality of the product being produced)

QDIA - Qualified Default Investment Alternative (alternative plan for participants who do not make an investment decision in a qualified pension plan)

QL - query language (a database model or system function which enables users to make requests of the database)

QoS - Quality of Service (computer system capability that allows a protocol to distinguish between different classes of messages and assign priority levels - allows an administrator to assign a higher priority level to time-sensitive traffic)

QPIP - Qualified Plan Insurance Partnership (type of financial plan that establishes a Limited Liability Company (LLC), whose principal members are an irrevocable trust and a retirement account, with the LLC purchasing a life insurance policy on the owner and spouse)

QTL - Qualified Thrift Lender (savings association that qualifies as a domestic building and loan association under the Internal Revenue Code (IRC) or with at least 65% of its assets as qualified thrift investments)