- An example of quid pro quo is when you cover for your friend in a lie in exchange for him covering for you later.
- An example of quid pro quo is a boss who offers his secretary a raise if she will kiss him.
quid pro quo
- one thing in return for another
- something equivalent; substitute
Origin of quid pro quoL, something for something
quid pro quo
nounpl. quid pro quos also quids pro quo
Origin of quid pro quoLatin quid prō quō : quid, something + prō, for + quō, ablative of quid, something.
(plural quid pro quos or quae pro quibus or quid pro quibus)
quid pro quo - Investment & Finance Definition
A Latin term that means “something for something.” The term has found much usage in the securities industry and among lawyers. Its use has grown in the stock market context after the stock market bubble burst in 2000. Regulators began investigating conflicts of interest between a bank’s allocation of hot initial public offerings and its selection to lead other lucrative investment banking business.
In return for receiving issues in highly sought after IPOs, many companies and corporate executives were expected to give banks other investment banking business or direct trades through the bank, often at inflated commission rates.
quid pro quo - Legal Definition