Professional Business Services, Inc.
Professional Business Services, Inc.

 

Glossary

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qualified opinion: In accounting, a qualified opinion means that the auditor takes exception to specified items in the statements.

qualified domestic relations order (QDRO): A court order that meets certain IRS requirements and that assigns all or a portion of a participant's qualified pension benefits to a spouse or ex-spouse to satisfy alimony and/or child support obligations.

qualified retirement plans: A retirement plan that qualifies for favorable income tax treatment, such as a 401(k) plan. If your employer has a retirement plan, contribute the maximum if you possibly can. This is the best way to help insure that you will have a properly funded retirement.

quitclaim deed: A deed to convey any interest, apparent interest, or claim that an individual has in a piece of property. Often used to clean up a clouded title.

 
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