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An individual’s qualifies which render him eligible to fill an office or perform a public duty.

Generally, term used to define character, nature and degree of excellence of an item.

Used in adjustment of claims to mean amount or quantity.

The English court of king’s bench during the reign of a queen.

Also called “acid test,” ratio of cash, accounts receivable and marketable securities to current liabilities.

Liquid assets which can be converted into cash without delay.

adj. Free from disturbance.

v. To leave.

n. Giving up one’s claim or title.

reinsurer participates for a fixed percentage of all business covered by the treaty.