Trading Glossary

Quality option

Also called the swap option, the seller's choice of deliverables in Treasury bond and Treasury note futures contract. Related: Cheapest to deliver issue

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 Treasuriers and those on single A-rated industrial bonds.

Quick ratio

Related: Acid-test ratio