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Glossary


Quick assets are highly liquid assets, consisting of cash, marketable securities, and net receivables.

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Quid pro quo is Latin for "this for that." Quid pro quo pertains to the exchange of values by both parties to form a valid contract.

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Quid pro quo sexual harassment includes unwelcome sexual advances or requests for sexual favors when (1) submission to such conduct is made a condition of employment, and (2) submission to or rejection of such conduct is used as a basis for employment decisions affecting the individual who is receiving such advances or requests.

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Quota share reinsurance is a form of reinsurance in which the ceding insurer cedes an agreed-on percentage of every risk it insures that falls within a class or classes of business subject to a reinsurance treaty.

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