The ticker for the PowerShares QQQ Trust, Series 1, anETFtraded ontheNasdaq Index. Formerly the Nasdaq-100 Trust, Series 1, this trustholds all the componentsecuritiesthat make up the Nasdaq and issuessecuritiescalled QQQ Index Tracking Stock that are designed to trackthe approximate performance of the Nasdaq Index.
Variant of linear programmingin which the objective function isquadratic rather than linear. Inportfolioselection, we often minimizethe variance of the portfolio (which is a quadratic function) subject toconstraints on themean returnof the portfolio.
A period of time during the first few months or weeks of a new policywhen aninsurancecompany will not reimburse apolicyholderfor aclaim in order to allow the insurance company time to find anyfraudulent information in the application.
Qualified Domestic Relations Order (QDRO)
A judgment, decree, or order that gives apension planparticipantaccess to retirementassetsthat must be used to pay an ex-spouse ordependent children.
A signature on the back of anegotiable instrumenttransferring theamount to some other party but that includes wording that limits theendorser'sliability.
Atrustthat allows a surviving spouse to receive income generatedfrom the trust, while the actual distribution of the trust'sassetsismade to otherbeneficiariessuch as thegrantor'schildren.
Qualified total distribution
A payment representing an employee's interest in aqualifiedretirement plan. The payment must be prompted by retirement (orother separation from service), death, disability, or attainment of age59-1/2. Payment can be in installments as long as the completedistribution is made within a single tax year.