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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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