Qualifying Share

Shares of common stock that a person must hold in order to qualify as a director of the issuing corporation.

Indicator of a company's financial strength (or weakness). Calculated by taking current assets less inventories, divided by current liabilities. This ratio provides information regarding the firm's liquidity and ability to meet its obligations. Also called the Acid test ratio.

Quorum 

The minimum number of people who must be present or must provide a proxy to vote at a meeting in order to make a valid decision. Without "quorum", decisions are invalid. Many organizations have a quorum requirement to prevent decisions being taken without a majority of members present.

Quotation 

Highest bid and lowest offer (asked) price currently available on a security or a commodity.

The price at which the last trade of a particular security or commodity took place.