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Finance Dictionary and Glossary of Investment Terms
Quid pro quo
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.
An exchange of one thing for another, by mutual agreement.
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.