Quid

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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.

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