quid pro quo


Also found in: Dictionary, Thesaurus, Legal, Acronyms, Idioms, Wikipedia.

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.

Quid Pro Quo

An agreement between any firm and a brokerage firm in which the first firm makes use of the other's financial research free of charge. In exchange, the firm agrees to conduct any trades it may decide to conduct as a result of the research with the second firm as broker.

More generally, quid pro quo may describe any financial agreement thought to be mutually beneficial. This may apply to positive things such a trade agreement or to illegal activities such as pay-to-play schemes in municipal contracts.

quid pro quo

An equal exchange that a person or firm makes with another person or firm. In the securities industry institutional investors provide orders to brokerage firms as a quid pro quo for in-depth research.
References in periodicals archive ?
63) In his opinion, Justice Kennedy addressed the quid pro quo issue "more directly" than the majority.
Although the dividing line between quid pro quo and hostile work environment harassment, based on the existence of a tangible employment action, has been clarified by this modification, it is arguable that the only change is in semantics, and thus it is a distinction without a difference.
Under the new tangible employment action doctrine, the lower courts are still applying the substantive (non-liability) elements of the old quid pro quo and hostile work environment doctrines in order to determine whether discrimination has taken place.
Part II, in the June issue, will describe the ordering rules for taking deductions subject to the above limits, as well as planned-giving techniques, contributions of donated services and quid pro quo contributions.
Quid Pro Quo finished three lengths in front of Irish dual-bumper winner Euro Leader, who has since won over hurdles, and with that run under his belt Sir Robert Ogden's gelding should be capable of this prize.
Quid Pro Quo finished three lengths in front of Irish dual bumper winner Euro Leader, who has since won over hurdles,and with that run under his belt Sir Robert Ogden's gelding should be capable of landing this prize.
First they denied they had promised favors to special interests, now members of the White House staff have come forward to say that there was an 'implied quid pro quo,'" McAuliffe said.
When agencies determine a trend of increasing frequency and egregiousness of such deviance, they must take steps before classic or quid pro quo corruption occurs.
At press time, labor negotiations were coming up and Bustamante indicated he understands that the quid pro quo for any increase in hours is more pay and performance opportunities.
In a bizarre form of quid pro quo, Republicans in turn decided to subpoena the organization best known for opposing the Christian Coalition -- and zeroed right in on Americans United.
Yes, that's definitely true in terms of cash, but not in terms of focused quid pro quo.
There was no request for arms or quid pro quo," McFarlane notes in an obvious attempt to signal us that somehow, up to then, it was a legitimate deal.