Acceptable Quality Level (AQL)

Similar financial terms

Quality spread
Also called credit spread, the spread between Treasury securities and non-Treasury securities that are identical in all respects except for quality rating. For instance, the difference between yields on Treasuries and those on single A-rated industrial bonds.

Quality option
Also called the swap option, the seller's choice of deliverables in Treasury Bond and Treasury note futures contract.

Malcolm Balridge National Quality Award (MBNQA)
The Award is named for Malcolm Balridge, who served as Secretary of Commerce from 1981 until his tragic death in a rodeo accident in 1987. His managerial excellence contributed to long-term improvement in efficiency and effectiveness of government.

Support level
A price level below which it is supposedly difficult for a security or market to fall.

Resistance level
A price level above which it is supposedly difficult for a security or market to rise.

Level-coupon bond
Bond with a stream of coupon payments that are the same throughout the life of the bond.

Level pay
The characteristic of the scheduled principal and interest payments due under a mortgage such that total monthly payment of P&I is the same while characteristically the principal payment component of the monthly payment becomes gradually greater while the monthly interest payment becomes less.

Confidence level
The degree of assurance that a specified failure rate is not exceeded.