Quid pro quo is a noun that refers to something given or received for something else.

Our word of the day comes directly from the Latin words that mean ‘something for something.’ It is often used in a legal context to refer to bribery, but the word itself is morally neutral. It can imply a trade that is wrong or illegal — but not always. For example: I really wanted Ryan to build that treehouse for my daughter, but couldn’t afford to pay him, so we decided on a quid pro quo. He agreed to build the treehouse for Lydia and I agreed to do his taxes next year.