qualified

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qualified

(Competent), adjective able, acceptable, accomplished, adapted, adept, adequate, apt, capable, deft, efficacious, eligible, entitled, equal to, equipped, expert, fit, knowing, licensed, practiced, skilled, skillful, suitable, trained, versed, well-suited, worthy, worthy of choice
Associated concepts: qualified applicant, qualified elector

qualified

(Conditioned), adjective accommodatus, checked, circumscribed, circumstanced, conditional, conningent upon, controlled, curbed, decreased, defined, dependent, diminished, idoneus, limitary, limited, moderated, modified, not absolute, prerequisite, provisional, provisionary, provisory, restricted, stipulatory, subject to terms
Associated concepts: qualified acceptance, qualified ennorsement, qualified privilege, qualified right
See also: admissible, capable, competent, conditional, deft, dependent, desirable, eligible, entitled, expert, familiar, fit, informed, literate, practiced, professional, proficient, sciential, suitable, veteran

QUALIFIED. This term is frequently used in law. A man hag a qualified property in animals ferae naturae, while they remain in his power, but, as soon as they regain their liberty, his property in them is lost. A man has a qualified right to recover property of which he is not the owner, but which was unlawfully taken out of his possession. But this right may be defeated by the owner bring a suit or claiming the property. Vide Animals; Trover.

References in periodicals archive ?
If the contract is tax qualified, generally all payments and/or withdrawals are treated as ordinary income and, if taken prior to age 59 1/2, may be subject to an additional 10 percent federal tax penalty.
Initial product offerings are expected to include collective trust funds offered to tax qualified retirement plans and separate account wrap programs offered to high net worth individuals.
a law firm specializing in the field of tax qualified retirement plans, has signed a long-term lease agreement to occupy approximately 9,592 square feet of space.
If clients are using the annuity to fund any tax qualified retirement account (IRA), they must be advised that tax deferral is available with any investment vehicle and not unique to the annuity.