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Investments glossary

Quid


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Quotes of the day:

All that is gold does not glitter; not all those that wander are lost.

— J. R. R. Tolkien, The Fellowship of the Ring, 1954

Quid is well-known, slang expression for the pound sterling, or the British pound, which is the currency of the United Kingdom. A quid is equal to 100 pence, and it is generally believed to come from the Latin phrase “quid pro quo,” which translates into something for something, or an equal exchange for goods or services. However, the exact etymology of the word as it relates to the British pound is still uncertain


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