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Glossary of Terms
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Quantitative Analysis |
Analysis of an investment by focusing on statistical measures. Efficiency, Sharpe and Sortino ratios are indicators of return per unit of volatility. | |
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Quartile |
A range in which a quarter (25%) of any set of statistics lie. | |
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Quick ratio |
Indicator of a company\'s financial strength (or weakness). Calculated by taking current assets less inventories, divided by current liabilities. This ratio provides information regarding the firm\'s liquidity and ability to meet its obligations. Also called the Acid test ratio. | |
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Quintile |
A value that divides a sample of data into five groups containing (as far as possible) equal numbers of observations. | |
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Quota Share Reinsurance |
An agreement whereby the ceding company is bound to cede and the reinsurer is bound to accept a fixed proportion of every risk written by the ceding company within a defined category of business. The reinsurer thus shares proportionally in all losses and receives the same proportion of all premiums. Commission is usually negotiated. | |
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From The Glossary » | Net Premium Life Business: |
| | The premium which, together with other similar premiums, along with investment income, will be exactly sufficient to pay all claims under certain specific assumptions as to mortality rates and interest yields. It does not provide for any expenses of administration nor for contingencies not contemplated in the basic mortality and interest assumptions. A level net premium is uniform in amount as between first and renewal policy years and hence makes ... | | More Definitions » |
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