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Investments glossary

Quid Pro Quo


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Quotes of the day:

We are totally opposed to abortion under any circumstances. We are also opposed to abortifacient drugs and chemicals like the Pill and the IUD, and we are also opposed to all forms of birth control with the exception of natural family planning.

— Judie Brown, President, American Life Lobby

Quid pro quo, a 14th-century Latin term for something for something, describes when two parties engage in a mutual agreement to exchange goods or services. In a quid pro quo agreement, one transfer is contingent upon a reciprocal transfer. In business and legal contexts, quid pro quo conveys that a good or service has been exchanged for something of equal value.


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