quid pro quo
quid pro quo
Definition
quid· pro quo (kwid′ prō kwō′)
noun
- one thing in return for another
- something equivalent; substitute
Etymology: L, something for something
quid pro quo 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 banks 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
Law Definition
n
Latin
Something exchanged for another thing of
approximately equal value, not necessarily in a monetary sense.
Browse dictionary entries near quid pro quo
- quid
- quickstep
- quicksilver
- quickset
- quicksand
- quickness
- quickly
- quicklime
- quickie
- quicken
- quid pro quo (Latin)
- quiddity
- quidnunc
- quiescence
- quiescent
- quiet
- quiet down
- quiet enjoyment
- quiet period
- quieten
