FinShark Financial Glossary

    Financial Terms Starting With Q

    3 UAE banking, credit card, loan, mortgage and insurance terms that start with Q - from QR Payment to Quote. General educational information; fees, limits and eligibility are set by each provider.

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    3 terms

    QR Payment

    Banking

    A digital payment initiated by scanning or presenting a QR code that contains payment or merchant information. The underlying payment can be account-based, wallet-based or card-linked depending on the service.

    Qualifying Spend

    Credit Cards

    Card spending that counts toward a reward, bonus, fee waiver or other benefit under the issuer's programme rules. Cash advances, fees, government payments, wallet loads or other categories may be excluded.

    Quote

    LoansInsurance

    An estimate or offer showing proposed pricing and key terms based on information available at the time. A quote can be indicative and may change after underwriting, credit checks, valuation or document verification.