An equal exchange that a person or firm makes with another person or firm. In the securities industry, institutional investors provide orders to brokerage firms as a quid pro quo for in-depth research.
A fair exchange; the phrase is most frequently used in diplomacy: “The Chinese may make some concessions on trade, but they will no doubt demand a quid pro quo, so we must be prepared to make concessions too.” From Latin, meaning “something for something.”
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
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.
An equal exchange or substitution, as in I think it should be quid pro quo—you mow the lawn and I'll take you to the movies. This Latin expression, meaning “something for something,” has been used in English since the late 1500s.