What is Quid? Understanding the Meaning and Usage of This Financial Term

Quid is a Latin word that means "what" or "how much". In finance, the term "quid" is often used to refer to a specific amount of money or a financial investment. For example, someone might say "I invested 10,000 quid in stocks last year" to mean that they invested £10,000 (ten thousand pounds) in stocks.

Quids can also be used as an informal way of referring to British pounds sterling, as in "I spent a few quids on lunch today". In this context, the term is often used colloquially to refer to small amounts of money.

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