Functional currency and Quid pro quo: Difference between pages

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The currency of the primary economic environment in which a firm generates and expends cash.
Latin phrase that means 'what for what or something for something'.
 
The concept of getting something of value in return for giving something of value. 
 
For example for a contract to be binding, it usually must involve the exchange of something of value.
 


== See also ==
== See also ==
* [[Base currency]]
* [[Consideration]]
 

Revision as of 15:39, 20 August 2013

Latin phrase that means 'what for what or something for something'.

The concept of getting something of value in return for giving something of value.

For example for a contract to be binding, it usually must involve the exchange of something of value.


See also