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Status quo can also refer to a situation that people find mutually undesirable but the outcome of any changes to it may be overly risky; at the same time they recognize that eventual change will occur, and openness to the potential that a better alternative solution may emerge over time.
DEFINITION of 'Quid Pro Quo'. A Latin phrase meaning something for something. This term is typically used in financial circles to describe a mutual agreement between two parties in which each party provides a good or service in return for a good or service. Next Up.