Quid meaning

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Quid is defined as one British pound (a pound sterling), or to a lump of tobacco for chewing.

A British pound sterling that you can use to buy an item that costs one pound is an example of a quid.

A lump of Skoal or Red Man chewing tobacco is an example of quid.

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A cut, as of chewing tobacco.
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A pound sterling.
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A piece, as of tobacco, to be chewed.
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A sovereign, or one pound sterling.
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A British term that is used as a nickname to its primary currency unit, the pound. It is the equivalent of the dollar and is used in the same way that “buck” is used to refer to the U.S. dollar.
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The inherent nature of something.
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(US, historical) A section of the Democratic-Republican Party between 1805 and 1811 (from tertium quid).
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(historical) A sovereign or guinea.
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(UK, colloquial) Pound sterling.

Five quid for a sandwich? You're having a laugh!

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(Australia, colloquial) Pound (before the 1966 currency change)
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(Ireland, colloquial) Pound, punt.
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(Ireland, colloquial) Euro.
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A piece of chewing tobacco.
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(US, colloquial) The act of chewing such tobacco.
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(of a horse) To let food drop from the mouth whilst chewing.
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Origin of quid

From Latin quid (“what, something"), neuter singular of quis (“who").