Legal Jargons

Word: Sequestration

Origin: Late Middle English

Meaning: The act of taking someone’s property until debt has been paid.

Example: Where a person fails to perform an act or disobeys an injection, commanding persons to enter upon & take possession of his estate & keep it separately from the owner.

Word: Quid pro quo

Origin: Latin

Meaning: What for What or Something for Something.

Example: In a soft dollar agreement, one firm (Firm A) uses another firm’s (Firm B) research. In exchange, Firm B executes all of Firm A’s trades. This exchange of services is used as payment in lieu of a traditional, hard dollar payment.

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