Quid

AAA

DEFINITION of 'Quid'

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.

INVESTOPEDIA EXPLAINS 'Quid'

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.

RELATED TERMS
  1. Loonie

    Colloquial term that refers to the $1 Canadian coin, and also ...
  2. Buck

    1. An informal reference to one dollar. 2. An informal term for ...
  3. Greenback

    A slang term for U.S. paper dollars. Greenbacks got their name ...
  4. Quid Pro Quo

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

    A slang term for the New Zealand dollar (NZD). It derives its ...
  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. Personal Finance

    Master's Degrees: The US vs. The UK

    When deciding whether to pursue a master's degree in the US or UK, consider degree structure, cost, and quality of education.
  7. Economics

    What Must The UK Do To Keep North Sea Oil Afloat?

    The UK government may need to take drastic action to ensure the viability of UK North Sea offshore oil production amid high costs and shrinking margins.
  8. Economics

    Analyzing Risks On The Upcoming UK General Elections

    Rising UK political risk keeps investors funds on the sideline.
  9. Options & Futures

    Want to Day Trade? Try Binary Options Or Spread Betting

    Interested in Day Trading? These two derivative products are growing in popularity due to their profit potential and small trading capital required.
  10. Retirement

    Retirement Plans From Around The World

    How does the rest of the world stack up against the U.S. when it comes to planning and saving for retirement?

You May Also Like

Hot Definitions
  1. Income Effect

    In the context of economic theory, the income effect is the change in an individual's or economy's income and how that change ...
  2. Price-To-Sales Ratio - PSR

    A valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the ...
  3. Hurdle Rate

    The minimum rate of return on a project or investment required by a manager or investor. In order to compensate for risk, ...
  4. Market Value

    The price an asset would fetch in the marketplace. Market value is also commonly used to refer to the market capitalization ...
  5. Preference Shares

    Company stock with dividends that are paid to shareholders before common stock dividends are paid out. In the event of a ...
  6. Accrued Interest

    1. A term used to describe an accrual accounting method when interest that is either payable or receivable has been recognized, ...
Trading Center