A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Meetings involving trade ministers from the U.S., the European Community, Canada, and Japan to discuss trade policy matters. quantitative restrictions (QRs) (customs) Explicit limits, or quotas, on the physical amounts of particular commodities that can be imported or exported during a specified time period, usually measured by volume but sometimes by value. The quota may be applied on a "selective" basis, with varying limits set according to the country of origin, or on a quantitative global basis that only specifies the total limit and thus tends to benefit more efficient suppliers. Quotas are frequently ministered through a system of licensing. (GATT) The General Agreement on Tariffs and Trade (GATT) Article XI generally prohibits the use of quantitative restrictions, except under conditions specified by other GATT articles; Article XIX permits quotas to safeguard certain industries from damage by rapidly rising imports; Articles XII and XVIII provide that quotas may be imposed for balance of payments reasons under circumstances laid out in Article XV; Article XX permits special measures to apply to public health, gold stocks, items of archeological or historic interest, and several other categories of goods; and Article XXI recognizes the overriding importance of national security. Article XII provides that quantitative restrictions, whenever applied, should be nondiscriminatory. See quotas; General Agreement on Tariffs and Trade. quarantine (shipping) (a) The term during which an arriving ship or airplane, including its passengers, crew and cargo, suspected of carrying a contagious disease, is held in isolation to prevent the possible spread of the disease. (b) The place where a ship, airplane, individual or cargo is detained during quarantine. quay (shipping) A structure built for the purpose of mooring a vessel. Also called a pier. quetzal The currency of Guatemala. 1Q=100 centavos. queue (a) A line or group of people waiting for service, such as a line of people waiting in a teller line at a bank. (b) Paperwork in a stack waiting for processing. (c) Items on a waiting list waiting for processing or repair. quid pro quo (law/business) "Something for something" (Latin). A mutual consideration; securing an advantage or receiving a concession in return for a similar favor. quota(s) (customs) A limitation on the quantity of goods that may be imported into a country from all countries or from specific countries during a set period of time. (a) Absolute quotas permit a limited number of units of specified merchandise to be entered or withdrawn for consumption in a country during specified periods. (b) Tariff-rate quotas permit a specified quantity of merchandise to be entered or withdrawn in a country at a reduced rate during a specified period. (U.S. Customs) In the United States, quotas are established by Presidential Proclamations, Executive Orders, or other legislation. See also quantitative restrictions; quota system; visa. quota system (U.S. Customs) A part of the U.S. Customs' Service Automated Commercial System, controls quota levels (quantities authorized) and quantities entered against those levels. Visas control exports from the country of origin. Visa authorizations are received from other countries and quantities entered against those visas are transmitted back to them. Control of visas and quotas simplify reconciliation of other countries' exports and U.S. imports. See Automated Commercial System; visa. quotation (foreign exchange) The price quotation of a currency can be made either directly or indirectly. (a) The direct quotation gives the equivalent of a certain amount of foreign currency (normally in units of 100 or 1) in domestic currency. (b) In an indirect price quotation (less common) the domestic currency is valued in units of foreign currency. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
quantitative restrictions (QRs)
(customs) Explicit limits, or quotas, on the physical amounts of particular commodities that can be imported or exported during a specified time period, usually measured by volume but sometimes by value. The quota may be applied on a "selective" basis, with varying limits set according to the country of origin, or on a quantitative global basis that only specifies the total limit and thus tends to benefit more efficient suppliers. Quotas are frequently ministered through a system of licensing. (GATT) The General Agreement on Tariffs and Trade (GATT) Article XI generally prohibits the use of quantitative restrictions, except under conditions specified by other GATT articles; Article XIX permits quotas to safeguard certain industries from damage by rapidly rising imports; Articles XII and XVIII provide that quotas may be imposed for balance of payments reasons under circumstances laid out in Article XV; Article XX permits special measures to apply to public health, gold stocks, items of archeological or historic interest, and several other categories of goods; and Article XXI recognizes the overriding importance of national security. Article XII provides that quantitative restrictions, whenever applied, should be nondiscriminatory. See quotas; General Agreement on Tariffs and Trade. quarantine (shipping) (a) The term during which an arriving ship or airplane, including its passengers, crew and cargo, suspected of carrying a contagious disease, is held in isolation to prevent the possible spread of the disease. (b) The place where a ship, airplane, individual or cargo is detained during quarantine. quay (shipping) A structure built for the purpose of mooring a vessel. Also called a pier. quetzal The currency of Guatemala. 1Q=100 centavos. queue (a) A line or group of people waiting for service, such as a line of people waiting in a teller line at a bank. (b) Paperwork in a stack waiting for processing. (c) Items on a waiting list waiting for processing or repair. quid pro quo (law/business) "Something for something" (Latin). A mutual consideration; securing an advantage or receiving a concession in return for a similar favor. quota(s) (customs) A limitation on the quantity of goods that may be imported into a country from all countries or from specific countries during a set period of time. (a) Absolute quotas permit a limited number of units of specified merchandise to be entered or withdrawn for consumption in a country during specified periods. (b) Tariff-rate quotas permit a specified quantity of merchandise to be entered or withdrawn in a country at a reduced rate during a specified period. (U.S. Customs) In the United States, quotas are established by Presidential Proclamations, Executive Orders, or other legislation. See also quantitative restrictions; quota system; visa. quota system (U.S. Customs) A part of the U.S. Customs' Service Automated Commercial System, controls quota levels (quantities authorized) and quantities entered against those levels. Visas control exports from the country of origin. Visa authorizations are received from other countries and quantities entered against those visas are transmitted back to them. Control of visas and quotas simplify reconciliation of other countries' exports and U.S. imports. See Automated Commercial System; visa. quotation (foreign exchange) The price quotation of a currency can be made either directly or indirectly. (a) The direct quotation gives the equivalent of a certain amount of foreign currency (normally in units of 100 or 1) in domestic currency. (b) In an indirect price quotation (less common) the domestic currency is valued in units of foreign currency. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
(GATT) The General Agreement on Tariffs and Trade (GATT) Article XI generally prohibits the use of quantitative restrictions, except under conditions specified by other GATT articles; Article XIX permits quotas to safeguard certain industries from damage by rapidly rising imports; Articles XII and XVIII provide that quotas may be imposed for balance of payments reasons under circumstances laid out in Article XV; Article XX permits special measures to apply to public health, gold stocks, items of archeological or historic interest, and several other categories of goods; and Article XXI recognizes the overriding importance of national security. Article XII provides that quantitative restrictions, whenever applied, should be nondiscriminatory. See quotas; General Agreement on Tariffs and Trade. quarantine (shipping) (a) The term during which an arriving ship or airplane, including its passengers, crew and cargo, suspected of carrying a contagious disease, is held in isolation to prevent the possible spread of the disease. (b) The place where a ship, airplane, individual or cargo is detained during quarantine. quay (shipping) A structure built for the purpose of mooring a vessel. Also called a pier. quetzal The currency of Guatemala. 1Q=100 centavos. queue (a) A line or group of people waiting for service, such as a line of people waiting in a teller line at a bank. (b) Paperwork in a stack waiting for processing. (c) Items on a waiting list waiting for processing or repair. quid pro quo (law/business) "Something for something" (Latin). A mutual consideration; securing an advantage or receiving a concession in return for a similar favor. quota(s) (customs) A limitation on the quantity of goods that may be imported into a country from all countries or from specific countries during a set period of time. (a) Absolute quotas permit a limited number of units of specified merchandise to be entered or withdrawn for consumption in a country during specified periods. (b) Tariff-rate quotas permit a specified quantity of merchandise to be entered or withdrawn in a country at a reduced rate during a specified period. (U.S. Customs) In the United States, quotas are established by Presidential Proclamations, Executive Orders, or other legislation. See also quantitative restrictions; quota system; visa. quota system (U.S. Customs) A part of the U.S. Customs' Service Automated Commercial System, controls quota levels (quantities authorized) and quantities entered against those levels. Visas control exports from the country of origin. Visa authorizations are received from other countries and quantities entered against those visas are transmitted back to them. Control of visas and quotas simplify reconciliation of other countries' exports and U.S. imports. See Automated Commercial System; visa. quotation (foreign exchange) The price quotation of a currency can be made either directly or indirectly. (a) The direct quotation gives the equivalent of a certain amount of foreign currency (normally in units of 100 or 1) in domestic currency. (b) In an indirect price quotation (less common) the domestic currency is valued in units of foreign currency. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
quarantine
(shipping) (a) The term during which an arriving ship or airplane, including its passengers, crew and cargo, suspected of carrying a contagious disease, is held in isolation to prevent the possible spread of the disease. (b) The place where a ship, airplane, individual or cargo is detained during quarantine. quay (shipping) A structure built for the purpose of mooring a vessel. Also called a pier. quetzal The currency of Guatemala. 1Q=100 centavos. queue (a) A line or group of people waiting for service, such as a line of people waiting in a teller line at a bank. (b) Paperwork in a stack waiting for processing. (c) Items on a waiting list waiting for processing or repair. quid pro quo (law/business) "Something for something" (Latin). A mutual consideration; securing an advantage or receiving a concession in return for a similar favor. quota(s) (customs) A limitation on the quantity of goods that may be imported into a country from all countries or from specific countries during a set period of time. (a) Absolute quotas permit a limited number of units of specified merchandise to be entered or withdrawn for consumption in a country during specified periods. (b) Tariff-rate quotas permit a specified quantity of merchandise to be entered or withdrawn in a country at a reduced rate during a specified period. (U.S. Customs) In the United States, quotas are established by Presidential Proclamations, Executive Orders, or other legislation. See also quantitative restrictions; quota system; visa. quota system (U.S. Customs) A part of the U.S. Customs' Service Automated Commercial System, controls quota levels (quantities authorized) and quantities entered against those levels. Visas control exports from the country of origin. Visa authorizations are received from other countries and quantities entered against those visas are transmitted back to them. Control of visas and quotas simplify reconciliation of other countries' exports and U.S. imports. See Automated Commercial System; visa. quotation (foreign exchange) The price quotation of a currency can be made either directly or indirectly. (a) The direct quotation gives the equivalent of a certain amount of foreign currency (normally in units of 100 or 1) in domestic currency. (b) In an indirect price quotation (less common) the domestic currency is valued in units of foreign currency. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
quay
(shipping) A structure built for the purpose of mooring a vessel. Also called a pier. quetzal The currency of Guatemala. 1Q=100 centavos. queue (a) A line or group of people waiting for service, such as a line of people waiting in a teller line at a bank. (b) Paperwork in a stack waiting for processing. (c) Items on a waiting list waiting for processing or repair. quid pro quo (law/business) "Something for something" (Latin). A mutual consideration; securing an advantage or receiving a concession in return for a similar favor. quota(s) (customs) A limitation on the quantity of goods that may be imported into a country from all countries or from specific countries during a set period of time. (a) Absolute quotas permit a limited number of units of specified merchandise to be entered or withdrawn for consumption in a country during specified periods. (b) Tariff-rate quotas permit a specified quantity of merchandise to be entered or withdrawn in a country at a reduced rate during a specified period. (U.S. Customs) In the United States, quotas are established by Presidential Proclamations, Executive Orders, or other legislation. See also quantitative restrictions; quota system; visa. quota system (U.S. Customs) A part of the U.S. Customs' Service Automated Commercial System, controls quota levels (quantities authorized) and quantities entered against those levels. Visas control exports from the country of origin. Visa authorizations are received from other countries and quantities entered against those visas are transmitted back to them. Control of visas and quotas simplify reconciliation of other countries' exports and U.S. imports. See Automated Commercial System; visa. quotation (foreign exchange) The price quotation of a currency can be made either directly or indirectly. (a) The direct quotation gives the equivalent of a certain amount of foreign currency (normally in units of 100 or 1) in domestic currency. (b) In an indirect price quotation (less common) the domestic currency is valued in units of foreign currency. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
quetzal
The currency of Guatemala. 1Q=100 centavos. queue (a) A line or group of people waiting for service, such as a line of people waiting in a teller line at a bank. (b) Paperwork in a stack waiting for processing. (c) Items on a waiting list waiting for processing or repair. quid pro quo (law/business) "Something for something" (Latin). A mutual consideration; securing an advantage or receiving a concession in return for a similar favor. quota(s) (customs) A limitation on the quantity of goods that may be imported into a country from all countries or from specific countries during a set period of time. (a) Absolute quotas permit a limited number of units of specified merchandise to be entered or withdrawn for consumption in a country during specified periods. (b) Tariff-rate quotas permit a specified quantity of merchandise to be entered or withdrawn in a country at a reduced rate during a specified period. (U.S. Customs) In the United States, quotas are established by Presidential Proclamations, Executive Orders, or other legislation. See also quantitative restrictions; quota system; visa. quota system (U.S. Customs) A part of the U.S. Customs' Service Automated Commercial System, controls quota levels (quantities authorized) and quantities entered against those levels. Visas control exports from the country of origin. Visa authorizations are received from other countries and quantities entered against those visas are transmitted back to them. Control of visas and quotas simplify reconciliation of other countries' exports and U.S. imports. See Automated Commercial System; visa. quotation (foreign exchange) The price quotation of a currency can be made either directly or indirectly. (a) The direct quotation gives the equivalent of a certain amount of foreign currency (normally in units of 100 or 1) in domestic currency. (b) In an indirect price quotation (less common) the domestic currency is valued in units of foreign currency. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
queue
(a) A line or group of people waiting for service, such as a line of people waiting in a teller line at a bank. (b) Paperwork in a stack waiting for processing. (c) Items on a waiting list waiting for processing or repair. quid pro quo (law/business) "Something for something" (Latin). A mutual consideration; securing an advantage or receiving a concession in return for a similar favor. quota(s) (customs) A limitation on the quantity of goods that may be imported into a country from all countries or from specific countries during a set period of time. (a) Absolute quotas permit a limited number of units of specified merchandise to be entered or withdrawn for consumption in a country during specified periods. (b) Tariff-rate quotas permit a specified quantity of merchandise to be entered or withdrawn in a country at a reduced rate during a specified period. (U.S. Customs) In the United States, quotas are established by Presidential Proclamations, Executive Orders, or other legislation. See also quantitative restrictions; quota system; visa. quota system (U.S. Customs) A part of the U.S. Customs' Service Automated Commercial System, controls quota levels (quantities authorized) and quantities entered against those levels. Visas control exports from the country of origin. Visa authorizations are received from other countries and quantities entered against those visas are transmitted back to them. Control of visas and quotas simplify reconciliation of other countries' exports and U.S. imports. See Automated Commercial System; visa. quotation (foreign exchange) The price quotation of a currency can be made either directly or indirectly. (a) The direct quotation gives the equivalent of a certain amount of foreign currency (normally in units of 100 or 1) in domestic currency. (b) In an indirect price quotation (less common) the domestic currency is valued in units of foreign currency. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
quid pro quo
(law/business) "Something for something" (Latin). A mutual consideration; securing an advantage or receiving a concession in return for a similar favor. quota(s) (customs) A limitation on the quantity of goods that may be imported into a country from all countries or from specific countries during a set period of time. (a) Absolute quotas permit a limited number of units of specified merchandise to be entered or withdrawn for consumption in a country during specified periods. (b) Tariff-rate quotas permit a specified quantity of merchandise to be entered or withdrawn in a country at a reduced rate during a specified period. (U.S. Customs) In the United States, quotas are established by Presidential Proclamations, Executive Orders, or other legislation. See also quantitative restrictions; quota system; visa. quota system (U.S. Customs) A part of the U.S. Customs' Service Automated Commercial System, controls quota levels (quantities authorized) and quantities entered against those levels. Visas control exports from the country of origin. Visa authorizations are received from other countries and quantities entered against those visas are transmitted back to them. Control of visas and quotas simplify reconciliation of other countries' exports and U.S. imports. See Automated Commercial System; visa. quotation (foreign exchange) The price quotation of a currency can be made either directly or indirectly. (a) The direct quotation gives the equivalent of a certain amount of foreign currency (normally in units of 100 or 1) in domestic currency. (b) In an indirect price quotation (less common) the domestic currency is valued in units of foreign currency. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
quota(s)
(customs) A limitation on the quantity of goods that may be imported into a country from all countries or from specific countries during a set period of time. (a) Absolute quotas permit a limited number of units of specified merchandise to be entered or withdrawn for consumption in a country during specified periods. (b) Tariff-rate quotas permit a specified quantity of merchandise to be entered or withdrawn in a country at a reduced rate during a specified period. (U.S. Customs) In the United States, quotas are established by Presidential Proclamations, Executive Orders, or other legislation. See also quantitative restrictions; quota system; visa. quota system (U.S. Customs) A part of the U.S. Customs' Service Automated Commercial System, controls quota levels (quantities authorized) and quantities entered against those levels. Visas control exports from the country of origin. Visa authorizations are received from other countries and quantities entered against those visas are transmitted back to them. Control of visas and quotas simplify reconciliation of other countries' exports and U.S. imports. See Automated Commercial System; visa. quotation (foreign exchange) The price quotation of a currency can be made either directly or indirectly. (a) The direct quotation gives the equivalent of a certain amount of foreign currency (normally in units of 100 or 1) in domestic currency. (b) In an indirect price quotation (less common) the domestic currency is valued in units of foreign currency. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
(a) Absolute quotas permit a limited number of units of specified merchandise to be entered or withdrawn for consumption in a country during specified periods. (b) Tariff-rate quotas permit a specified quantity of merchandise to be entered or withdrawn in a country at a reduced rate during a specified period. (U.S. Customs) In the United States, quotas are established by Presidential Proclamations, Executive Orders, or other legislation. See also quantitative restrictions; quota system; visa. quota system (U.S. Customs) A part of the U.S. Customs' Service Automated Commercial System, controls quota levels (quantities authorized) and quantities entered against those levels. Visas control exports from the country of origin. Visa authorizations are received from other countries and quantities entered against those visas are transmitted back to them. Control of visas and quotas simplify reconciliation of other countries' exports and U.S. imports. See Automated Commercial System; visa. quotation (foreign exchange) The price quotation of a currency can be made either directly or indirectly. (a) The direct quotation gives the equivalent of a certain amount of foreign currency (normally in units of 100 or 1) in domestic currency. (b) In an indirect price quotation (less common) the domestic currency is valued in units of foreign currency. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
(b) Tariff-rate quotas permit a specified quantity of merchandise to be entered or withdrawn in a country at a reduced rate during a specified period. (U.S. Customs) In the United States, quotas are established by Presidential Proclamations, Executive Orders, or other legislation. See also quantitative restrictions; quota system; visa. quota system (U.S. Customs) A part of the U.S. Customs' Service Automated Commercial System, controls quota levels (quantities authorized) and quantities entered against those levels. Visas control exports from the country of origin. Visa authorizations are received from other countries and quantities entered against those visas are transmitted back to them. Control of visas and quotas simplify reconciliation of other countries' exports and U.S. imports. See Automated Commercial System; visa. quotation (foreign exchange) The price quotation of a currency can be made either directly or indirectly. (a) The direct quotation gives the equivalent of a certain amount of foreign currency (normally in units of 100 or 1) in domestic currency. (b) In an indirect price quotation (less common) the domestic currency is valued in units of foreign currency. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
(U.S. Customs) In the United States, quotas are established by Presidential Proclamations, Executive Orders, or other legislation. See also quantitative restrictions; quota system; visa. quota system (U.S. Customs) A part of the U.S. Customs' Service Automated Commercial System, controls quota levels (quantities authorized) and quantities entered against those levels. Visas control exports from the country of origin. Visa authorizations are received from other countries and quantities entered against those visas are transmitted back to them. Control of visas and quotas simplify reconciliation of other countries' exports and U.S. imports. See Automated Commercial System; visa. quotation (foreign exchange) The price quotation of a currency can be made either directly or indirectly. (a) The direct quotation gives the equivalent of a certain amount of foreign currency (normally in units of 100 or 1) in domestic currency. (b) In an indirect price quotation (less common) the domestic currency is valued in units of foreign currency. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
quota system
(U.S. Customs) A part of the U.S. Customs' Service Automated Commercial System, controls quota levels (quantities authorized) and quantities entered against those levels. Visas control exports from the country of origin. Visa authorizations are received from other countries and quantities entered against those visas are transmitted back to them. Control of visas and quotas simplify reconciliation of other countries' exports and U.S. imports. See Automated Commercial System; visa. quotation (foreign exchange) The price quotation of a currency can be made either directly or indirectly. (a) The direct quotation gives the equivalent of a certain amount of foreign currency (normally in units of 100 or 1) in domestic currency. (b) In an indirect price quotation (less common) the domestic currency is valued in units of foreign currency. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
See Automated Commercial System; visa. quotation (foreign exchange) The price quotation of a currency can be made either directly or indirectly. (a) The direct quotation gives the equivalent of a certain amount of foreign currency (normally in units of 100 or 1) in domestic currency. (b) In an indirect price quotation (less common) the domestic currency is valued in units of foreign currency. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
quotation
(foreign exchange) The price quotation of a currency can be made either directly or indirectly. (a) The direct quotation gives the equivalent of a certain amount of foreign currency (normally in units of 100 or 1) in domestic currency. (b) In an indirect price quotation (less common) the domestic currency is valued in units of foreign currency. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z