Qualified Long-Term Care Insurance Policy - A policy that conforms to federal law and, as a result, offers potential federal tax advantages for some people. Sometimes referred to as a Tax-Qualified Long-Term Care Insurance Policy.

Qualified Long-Term Care Services - Defined by federal law, these are necessary diagnostic, preventive, therapeutic, curing, treating, mitigating, and rehabilitative services, and maintenance or personal care services, that are required by a chronically ill individual, and are provided pursuant to a plan of care prescribed by a licensed health care practitioner. Maintenance or personal care services means any care the primary purpose of which is to provide needed assistance with any of the disabilities as a result of which the individual is a chronically ill individual (including the protection from threats to health and safety due to severe cognitive impairment).

Qualified Retirement Plan - A plan that conforms to federal law. As a result, an employer and its employees can make before-tax contributions into the plan, with the contributions growing tax-free until retirement or termination of employment. As he or she receives retirement benefits from the plan, ordinary income taxes are paid by the employee on the entire amount of each benefit payment. Ordinary income taxes are also payable by the employee if, following termination of employment prior to retirement, he or she cashes out the retirement plan by taking a lump sum payment. These taxes can be deferred, however, if the terminating employee rolls over all benefits into an IRA account within 60 days of receiving the lump sum payment.

Quote - The highest bid to buy and the lowest offer to sell a security in a given market at a given time. If you ask your financial advisor for a "quote" on a stock, he or she may come back with something like "45 1/4 to 45 1/2." This means that $45.25 is the highest price any buyer wanted to pay at the time the quote was given on the floor of the exchange and that $45.50 was the lowest price that any seller would take at the same time.