Glossary of Debt Related Terms

Q-form

A Q-form is series of questions that you complete in order to request a loan. What does the Q stand for? You choose - quality, quick, qualification, questionnaire. Our unique Q-forms have been designed by LendingTree specifically for the Internet to make your experience as easy as possible.

Quadrant

(1) A quarter section of a circle. (2) One of the quarters created by two intersecting roads or streets.

Qualification

The process of reviewing a prospective borrower's credit and payment capacity prior to approving a loan.

Quantity Survey Method

Also called "price take-off" method. A process of arriving at an estimate of new construction costs by a detailed estimate of quantities of necessary building materials plus labor costs.

Quarter Section

One quarter of a section. A quarter section (commonly called a quarter) contains 160 acres.

Question Of Law

Given the facts, what laws, it any, are applicable - decided by a judge, even in a jury trial.

Quietus

Final disposition of a claim or debt.

Quitclaim Deed

A deed operating as a release, intended to pass any title, interest, or claim which the grantor may have in the property, but not containing any warranty of a valid interest or title in the grantor.