Is there a QGIS equivalent of the Erase tool in ArcGIS for Desktop?

Is there a QGIS equivalent of the Erase tool in ArcGIS Desktop?

The Erase tool:

Creates a feature class by overlaying the Input Features with the polygons of the Erase Features. Only those portions of the input features falling outside the erase features outside boundaries are copied to the output feature class.

Like the title: Is there a QGIS equivalent of the erase tool in ArcGIS?

Is there a QGIS equivalent of the Erase tool in ArcGIS for Desktop?

Like the title: Is there a QGIS equivalent of the erase tool in ArcGIS?

Thanks!

Like the title: Is there a QGIS equivalent of the erase tool in ArcGIS?