Qualified Assets
Assets that have been invested through a qualified retirement plan or an individual retirement account (IRA). Investment earnings are not subject to income taxes until withdrawn. Examples include funds held in a profit-sharing plan, an employee stock ownership plan or a pension plan.

Qualified Retirement Plan
A plan sponsored by an employer to provide retirement benefits for employees who meet certain regulatory requirements. The employer may deduct contributions to the plan and the employees do not include benefits in their taxable income until received, usually after they retire. See Defined-benefit plan and Defined-contribution plan.

Quality
1). In general terms, the quality of a fixed-interest security is a measure of the reliability of the issuer in terms of whether interest and principal will be paid on time. See: credit rating agency. 2). The quality of a share is a measure of the stability of the market price, i.e. a high-quality share will not fluctuate widely. However, individual investors may have other subjective preferences associated with their opinions of quality.

Quarterly Refunding
Auctions of Treasury notes and bonds occurring in May, August, November, and February.

Quotation
The current bid price and the current ask price of a security.

Quote
The highest bid and lowest offer on a given security at a particular time.

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