Quick Assets
Quick assets are current assets that can be converted into cash quickly, usually within 90 days. They include cash, marketable securities, and accounts receivable but exclude inventory. The quick ratio (acid-test ratio) uses these assets to assess short-term liquidity and a business’s ability to meet immediate obligations.
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Quasi Contract
A quasi contract is a legal obligation imposed to prevent one party from being unjustly enriched at another’s expense, even…
Qualified Dividend
A qualified dividend is a distribution to shareholders that meets specific tax criteria, allowing it to be taxed at lower…
Quorum
Quorum refers to the minimum number of shareholders or directors required to be present at a meeting for decisions to…
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