Glossary of commonly used terms and phrases

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Quadrant - A measurement that is a quarter section of a circle, also one of the quarters that is created by two intersecting roads or streets.
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Qualification - The process that determines an applicant's financial ability to meet the terms of the loan.
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Qualifying Ratios - Guidelines applied by lenders to determine how large a loan to grant a homebuyer.
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Quantity Survey Method - A method of arriving at an estimate of costs for new construction by a detailed estimate of quantities of necessary building materials plus labor costs.
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Quarter Section - A measurement of a quarter of a section and contains 160 acres.
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Quietus - The final disposition of a debt or a claim.
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Quitclaim Deed - A deed that transfers whatever interest or title a grantor may have, without warranty.
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