Slang for the pound sterling, the currency of the United Kingdom. A quid is equivalent to 100 pence. It is thought to come from the Latin phrase "quid pro quo" meaning "something for something," or an equal exchange for goods or services.


The use of the word quid is similar to the use of buck in the United States, and is more likely to be heard in less formal shops and exchanges. The pound sterling is also referred to as the British pound.

  1. Buck

    1. An informal reference to one dollar. 2. An informal term for ...
  2. Loonie

    Colloquial term that refers to the $1 Canadian coin, and also ...
  3. Kiwi

    A slang term for the New Zealand dollar (NZD). It derives its ...
  4. Quid Pro Quo

    A Latin phrase meaning "something for something". This term is ...
  5. Greenback

    A slang term for U.S. paper dollars. Greenbacks got their name ...
  6. Aussie

    Slang term that is used to refer to the Australian dollar.
Related Articles
  1. Options & Futures

    A Primer On The Forex Market

    Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers.
  2. Forex Education

    Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.
  3. Forex Education

    Forex: Wading Into The Currency Market

    We go over the ground rules and available resources needed for this undertaking.
  4. Forex Education

    Top 7 Questions About Currency Trading Answered

    Whether you're puzzled by pips or curious about carry trades, your queries are answered here.
  5. Forex Education

    The International Money Market

    Banks, corporations, traders and speculators all use the IMM to borrow, lend, trade, profit, finance, speculate and hedge risks.
  6. Economics

    These Will Be the World's Top Economies in 2020

    Discover the current economic forces that are anticipated to significantly shift the landscape of the world's most powerful economies over the next decade.
  7. Entrepreneurship

    Top 5 Most Successful English Entrepreneurs

    Learn about the entrepreneurial culture of the United Kingdom. Discover details about the top most successful entrepreneurs in the United Kingdom.
  8. Mutual Funds & ETFs

    The Top 3 ETFs For Investing in England

    Discover how beneficial ETFs are for investors looking for exposure to the English economy, and find information on three popular U.K. ETFs.
  9. Retirement

    How To Set Up A Trust Fund In The U.K.

    A guide to the whys and wherefores of setting up this most versatile of estate-planning instruments in the United Kingdom.
  10. Economics

    Eurozone Gains Momentum--But Can It Last?

    Eurozone economic growth has picked up, most notably in France and Italy, but can it last, particularly as Greece continues its standoff with creditors?
  1. What is the cost of living difference between the U.S and the U.K?

    According to Numbeo, the largest collection of cost of living data for destinations around the world, consumer prices were ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Capitalization Rate

    The rate of return on a real estate investment property based on the income that the property is expected to generate.
  2. Gross Profit

    A company's total revenue (equivalent to total sales) minus the cost of goods sold. Gross profit is the profit a company ...
  3. Revenue

    The amount of money that a company actually receives during a specific period, including discounts and deductions for returned ...
  4. Normal Profit

    An economic condition occurring when the difference between a firm’s total revenue and total cost is equal to zero.
  5. Operating Cost

    Expenses associated with the maintenance and administration of a business on a day-to-day basis.
  6. Cost Of Funds

    The interest rate paid by financial institutions for the funds that they deploy in their business. The cost of funds is one ...
Trading Center
You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!