Real Estate Insurance Terms - Q

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QUADRANT - (1) A quarter section of a circle. (2) One of the quarters created by two intersecting roads or streets.

QUANTITY SURVEY METHOD - Also called "price take-off" method. A process of arriving at an estimate of new construction costs by a detailed estimate of quantities of necessary building materials plus labor costs.

QUARTER ROUND - A molding which, in cross-section, resembles a quarter circle.

QUARTER SECTION - One quarter of a section. A quarter section (commonly called a quarter) contains 160 acres.

QUASI - Similar to, but intrinsically different.

QUAY - A wharf used for loading or unloading ships.

QUESTION OF FACT - Question as to what actually happened. Determined by physical evidence and decided by a jury in a jury trial.

QUESTION OF LAW - Given the facts, what laws, if any, are applicable; decided by a judge, even in a jury trial.

QUITCLAIM DEED - A deed operating as a release; intended to pass any title, interest or claim which the grantor may have in the property but not containing any warranty of a valid interest or title in the grantor.