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TeachMeFinance.com - explain Quid Pro Quo Quid Pro Quo -- 1. A mutual consideration; securing an advantage or receiving a concession in return for a similar favor. 2. A mutual consideration which passes between the parties to a contract, and which renders it valid and binding. Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.