reciprocity

reciprocity definition - business

reciprocity

A mutual agreement of equal treatment. For example: countries enter into a treaty that lowers tariffs; a group of states agree to accept one another's teaching certificates.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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