Qualified prospects are potential customers who have shown interest and have the ability to authorize a purchase. Salespeople must identify influencers and saboteurs, and demonstrate the benefits of the product to close the sale. New customers can provide leads for others. In sales circles, qualified prospects are prospects who have shown an interest in a […]
Qualified leads are individuals with the interest, capacity, and authority to make a purchase. Companies can pay for lists of qualified leads or identify them through telltale signs. Salespeople value qualified leads as they represent a strong possibility of making a sale. A qualified leader is a person who has the interest, capacity and authority […]
Qualified theft is a more serious type of theft that can result in greater penalties. Some states in the US have a specific term for it, while others refer to degrees of theft. Penalties vary by jurisdiction and can include significant prison time. Some countries, like the Netherlands and the Philippines, have their own definitions […]
A qualified intermediary is a third party who coordinates a 1031 exchange, a real estate transaction used in the US to avoid capital gains taxes. The intermediary must not have a prior relationship with the taxpayer, and mistakes can be costly. The term also refers to foreign banks in a special relationship with the IRS. […]
Qualified privilege allows individuals to make potentially defamatory statements in certain situations, such as when communicating with someone who shares a legal interest. The statement must be made in good faith and not maliciously. It can be used as a defense in a libel suit if made responsibly and in connection with professional duties. However, […]
A qualified opinion is an auditor’s written opinion that notes reservations about the accuracy of financial records, triggered by limited scope, missing or erroneous information, or unusual accounting practices. Auditors issue three types of opinions: unqualified, qualified, and adverse. GAAP is a common set of accounting standards and procedures. The auditor’s report is a standard […]
A qualified beneficiary is someone eligible for insurance coverage through a relationship with someone who participates in a group health insurance plan, including spouses, dependent children, and sometimes non-custodial children. They may also be added to the plan if the covered party marries or adopts a child. This status is important if the covered party’s […]
Qualified distributions from a Roth IRA are tax-free and penalty-free, but specific requirements must be met, including a five-year duration and meeting at least one other criteria such as age, home purchase, disability, or death. Qualified distributions are disbursements from a Roth Individual Retirement Account that do not carry any type of penalty or tax […]
A qualified buyer in real estate means the bank has deemed the buyer financially capable of purchasing a property. Prequalification is a simple process, while pre-approval requires more in-depth verification. Sellers prefer working with pre-approved buyers. The term “qualified buyer” is one of the commonly used terms in the real estate profession. When a real […]
Qualified Security Assessors are trained and certified to assess merchants’ compliance with industry security standards for credit card purchases. The position was created to combat credit card data theft, with QSAs auditing merchants to ensure compliance. QSAs must complete a training course established by the Payment Card Industry’s Security Standards Council to learn compliance rules […]
Qualified leads are individuals with interest, ability, and authority to make a purchase. Businesses can develop qualified leads by purchasing lists or establishing contact with interested individuals. Salespeople look for signs of strong prospects, and companies pay substantial bonuses for qualified lead lists. Lead generation is a complex process involving various types of leads. A […]
Qualified annuities are funded with pre-tax income and established through an employer’s pension plan, while non-qualified annuities are funded with after-tax income and have no contribution limits. Both have tax rules and illiquidity concerns, so it’s important to diversify investments. A qualified annuity is an annuity that is funded with pre-tax income. Qualified annuities are […]
Qualifying distributions from a Roth IRA are tax-free disbursements that require meeting specific criteria, including a five-year term and age requirements. Other criteria include disability, death, and purchasing/rebuilding a first home. Non-compliant disbursements are subject to taxation and fines. Qualifying distributions are disbursements from a Roth individual retirement account that do not carry any type […]
