Princeton Financial Glossary - Q

Qualified Plan

A benefit plan that meets IRS qualification requirements for tax-favored treatment (i.e., nondiscrimination).

Quasi-Endowment

A quasi-endowment (subset of 081 prefix), also known as "funds functioning as endowment" or "designated endowment," is an invested fund that is treated as an endowment for investment purposes, but is not legally restricted as such. The principal of a quasi-endowment fund may be liquidated.


 

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