Rectangular area bordered on all sides by buildings and is often grassy with decorative landscaping. A quadrangle can be found in a central business district or on the site of an academic institution.
Quadrant
One of four equal parts created when an object or area is divided by lines that intersect at right angles. Alternately, one fourth of a circle.
Quadrilateral
Figure defined by four lines.
Quadriplex
Free-standing building having four dwelling units under one roof.
Quadrominium
Four-unit building with four tenants in a condominium type of ownership and management.
Qualified thrift lender
Lender specializing in home mortgage finance under the rules established by FIRREA. One requirement being that the lender holds at least 70% of its portfolio in residential mortgage loans and mortgage-backed securities. Qualified lenders are eligible for advances from the district Federal Home Loan Bank.
Qualifying
Process determining an individual's financial ability to meet the terms of a loan. When selling real estate, the sales broker must qualify the buyer to make certain he/she has the financial ability to purchase the property.
Qualifying facility
A category of electric power producer established under the Public Utility Regulatory Policy Act (PURPA) of 1978, that includes small-power producers (SPP) who use renewable sources of energy such as biomass, geothermal, hydroelectricity, solar (thermal and photovoltaic), and wind, or cogenerators who produce both heat and electricity using any type of fuel. PURPA requires utilities to purchase electricity from these power producers at a rate approved by a state utility regulatory agency under Federal guidelines. PURPA also requires utilities to sell electricity to these producers. Some states have developed their own programs for SPPs and utilities.
Qualifying ratio
Ratio used, by a lender, to determine how much a potential buyer can afford to borrow.
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