What Is a British Quid? Its Origin and Common Usage
Discover "quid," the unique informal term for British currency. Explore its origins and how it shapes everyday language in the UK.
“Quid” is a widely recognized informal term in the United Kingdom, commonly used to refer to the British pound sterling. Similar to “buck” for the US dollar, understanding “quid” provides insight into everyday financial conversations and cultural nuances within the UK.
Definition and Origin of “Quid”
“Quid” serves as an informal, slang term for one pound sterling (£1). It functions as a singular noun, even when referencing multiple units; for example, one says “five quid” rather than “five quids”. This linguistic characteristic is consistent regardless of whether the money is in coin, note, or electronic form. The term has been in use since at least the late 17th century, though its precise etymology remains uncertain.
One widely accepted theory suggests its derivation from the Latin phrase “quid pro quo,” meaning “something for something” or “an exchange of goods or services.” This connection might stem from early monetary transactions where an item of value was exchanged for currency. Other speculative origins include a link to the Royal Mint paper mill in Quidhampton, Wiltshire, or the Gaelic word “chuid,” meaning a portion or share, which Irish soldiers might have used to refer to their pay.
Current Usage and Value
“Quid” is commonly used in modern British English within informal settings. “A quid” refers to a single pound (£1), and multiples, such as “ten quid” or “a hundred quid,” refer to the corresponding number of pounds. “Quid” is strictly an informal term and is not appropriate for official or formal financial contexts.
Despite its informal nature, “quid” holds the same value as the official British pound sterling (GBP). While official banking documents and legal contracts use “pound sterling” or its symbol (£), “quid” is frequently heard in casual conversations, local markets, and pubs. For instance, a shopkeeper might state a price as “ten quid,” or someone might ask, “Can you lend me a quid?”.
Common Expressions
“Quid” is integrated into several common British phrases and idioms, highlighting its everyday use. Phrases like “earn a few quid” refer to earning some money, often in an informal or casual manner. “Cost a quid” directly indicates a price of one pound, while “lend me a quid” is a request for a one-pound loan.
Another common expression is “make a quick quid,” which signifies making money rapidly or easily. The phrase “not worth a quid” describes something considered to have no value or to be worthless.