quid pro quo

Quid pro quo is a Latin phrase that translates to "something for something" or "this for that". It is used to describe a transaction or agreement in which two parties exchange goods, favors, or services with equal value or benefit. In a quid pro quo arrangement, both parties expect to receive something of value in return for what they offer. It can also refer to a reciprocal exchange or a conditional giving, often implying a mutually beneficial agreement.