Copyright 2005 Professional Business Services Inc.
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.