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Nearby Terms

queue
quid pro quo
quorum

quid pro quo

definition

A Latin phrase that vows a favor for a favor, a reciprocal agreement between two parties to exchange tangible or intangible objects of similar value. Quid pro quo agreements can be ethical and legal or not, depending on whether the actions involved constitute a breach of fiduciary trust or the rules and legislation enacted to ensure fairness and prevent fraud.

Related Terms

 • Quid Pro Quo ("Algo Por Algo")