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Glossary of Banking Terms

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Q

Banking Terms - Q
  • Qualified Buyers (QB) -

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

  • Qualified Plan Insurance Partnership (QPIP) - (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)

  • Qualified Thrift Lender (QTL) - (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)

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

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

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

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

  • Quality of Service (QoS) - (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)

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

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