Quid pro quo

{
  "id": "MLC-T-INS-002781",
  "term": "Quid pro quo",
  "field": "Insurance and risk management",
  "definition": "An exchange of goods or services, where one transfer is contingent upon another. In insurance, this concept applies to situations where a benefit or concession is granted in return for a specific action or agreement from the other party. For example, an insurer might offer a lower premium in exchange for the insured implementing certain risk mitigation measures.",
  "url": "https://mlchart.com/terminology/insurance/quid-pro-quo/"
}