Legal Jargons
October 8, 2014
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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