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. 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. Greenback

    A slang term for U.S. paper dollars. Greenbacks got their name ...
  5. Swissie

    A slang term for the Swiss franc. The Swiss franc, or Swissie, ...
  6. Quid Pro Quo

    A Latin phrase meaning "something for something". This term is ...
RELATED FAQS
  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 >>
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

    What To Expect Following The Tory Triumph

    The decisive Conservative victory in the UK's recent general election removes some of the near-term political uncertainty that many were anticipating.
  7. Forex

    The Top 10 Forex Brokers Regulated In The UK

    Overview of the regulation of forex, the Financial Conduct Authority (FCA) and the top 10 UK forex brokers that are FCA regulated.
  8. Investing News

    UK Tech Startups: Proving To Be More Than Hype

    Over the last few years, the explosion of tech startups in the UK has been grabbing an increasing amount of attention from investors around the world.
  9. Mutual Funds & ETFs

    How To Start A Hedge Fund In The UK

    Starting a new hedge fund in the United Kingdom is more complex than in the United States. We discuss UK laws and regulations for starting a new hedge fund.
  10. 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.

You May Also Like

Hot Definitions
  1. Stop-Loss Order

    An order placed with a broker to sell a security when it reaches a certain price. A stop-loss order is designed to limit ...
  2. Covered Call

    An options strategy whereby an investor holds a long position in an asset and writes (sells) call options on that same asset ...
  3. Butterfly Spread

    A neutral option strategy combining bull and bear spreads. Butterfly spreads use four option contracts with the same expiration ...
  4. Unlevered Beta

    A type of metric that compares the risk of an unlevered company to the risk of the market. The unlevered beta is the beta ...
  5. Moving Average - MA

    A widely used indicator in technical analysis that helps smooth out price action by filtering out the “noise” from random ...
  6. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
Trading Center