- used as a universal phrase that anyone is familiar with (like common latin phrases); used in a situation where one person owes another person something
quid
clipping; noun
equal
Etymology : clipping of "quid pro quo" which is Latin for "this for that" to "quid"
Source : 10/27/2011 - conversation with German friend Mathias “You paid for my dinner, I paid for lunch, now we are quid”
Last modified: 2 December 2011