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Finance Dictionary and Glossary of Investment Terms
Quid pro quo
Definition 1.
An arrangement allowing a firm to use research from another firm at no cost in exchange for executing all of its trades with the firm that provides the research.
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Definition 2.
An exchange of one thing for another, by mutual agreement.
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Definition 3.
A Latin phrase that translates to "something for something." This term is used in financial circles generally to describe the mutual agreement between two parties in which each party provides a good or service in return for a good or service.
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