quid pro quo

Popular Terms
Something for something. Reciprocal mutual consideration whereby one party gives a concession to another in exchange for an equally valuable concession. Latin for, what for what.

Notable Quotable

Quid Pro Quo Contributions
"Contributions of more than $75 that give a benefit to the donor are considered quid-pro-quo contributions. They are deductible only to the extent the contribution exceeds the value of the benefit, and this must be spelled out in writing. The benefit can be in the form of cash, property, services, or privileges."
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