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Username: Andrew

Rating:
Guru Stars

Asked to: Goro Yang

Date Created: 09 Apr 2019
Category 28
Tag Financial
Question What is a Quid Pro Quo?
Advice from Guru
Hello Andrew,

Quid pro quo, Latin for "something for something," is used to describe 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. As a term, quid pro quo is used similarly in business and legal contexts to convey that a good or service has been exchanged for something of equal value.

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