Glossary

GLOSSARY - LETTER Q


Quasi-Insurance Institutions

A term sometimes applied to government institutions created to carry out social insurance arrangements that have some, but not all, the characteristics of insurers. An example is the United States Department of Health, Education, and Welfare.


Quick Assets

Assets that are quickly convertible into cash.


Quid Pro Quo

Latin for "this for that," or "one thing for another." In insurance it could refer to the consideration in an insurance contract which calls for the exchange of values by both parties to the contract in order for it to be a valid contract.