What is Quid? Definition, Examples, and Usage

Quid is a Latin word that means "what" or "how much." It is often used in legal and financial contexts to refer to the amount of money or other assets involved in a transaction or agreement. For example, a contract might state that one party will pay "quid pro quo" (meaning "something for something") in exchange for another party's services or goods.

In everyday language, people might use the phrase "what's the quid pro quo?" to ask what is being given or received in exchange for something else. The word quid can also be used more broadly to refer to any amount of money or other assets that are being exchanged or transferred. For example, someone might say "I paid a quid for this book" to indicate that they paid £1 (one pound) for the book.

Overall, quid is a useful word in legal and financial contexts, as well as in everyday conversation, to refer to the amount of money or other assets involved in a transaction or agreement.