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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 » | Policy Date: |
| | A date specified in the policy as the date from which premium payment dates are reckoned. It is also the date from which the incontestable clause and suicide time limits are measured, and the date from which policy years for non-forfeiture option purposes are measured. The policy date is frequently called the date of issue of the policy. It is usually the date of execution, unless a binding receipt was issued and the policy was dated prior to execution ... | | More Definitions » |
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