Difference Between Pound and Quid (2024)

PoundÂvs Quid

A pound is a currency in Britain and in other areas of Europe. Sometimes people refer to it as quid. Instead of saying ‘100 pounds,’ people would say ‘100 quids.’ The term ‘quid’ has been used a long time ago already; however, these days people are getting confused as to when and how the term ‘quid’ and ‘pound’ are used interchangeably. The truth is, when you compare it to the currency of the United States, it has a similar issue. When an American says ‘100 bucks,’ it is understood as ‘100 dollars.’ It is also just like saying ’10 grand,’ which means ‘10,000 dollars.’ ‘Grand’ means ‘bag of money.’ It can be used as slang for ‘a thousand’ when it comes to money.

‘Pound’ is a term for currency in some nations in Europe. Its origin is from England. A pound is the value of the weight of silver, a pound. ‘Pound’ comes from the Latin word ‘Libra’ which means the currency of the ancient Roman Empire. Other places in Europe, like Italy, call their currency ‘Lira,’ which means ‘pound’ when translated. Sometimes a pound is called ‘pound sterling.’ This term is used in much more formal occasions. This term is also used to distinguish the currency of the United Kingdom from the currencies of other countries that uses the term ‘pound’ for currency. Sometimes the slang for the money in the United Kingdom is simply called ‘sterling.’ In other places the slang they call their pound is ‘quid.’

This is how the term ‘quid’ is used. ‘Quid’ is just a slang term for ‘pound.’ It is a term used during informal events. There are three origins of the term ‘quid.’ First, ‘quid,’ according to some, comes from the Royal Mint based in Quidhampton. Because Quidhampton is too long, people settled with ‘quid,’ thus the term ‘quid.’ There are other stories of the origin of ‘quid.’ They say that ‘quid’ is from an Irishman who speaks Gaelic would refer to money as ‘my money.’ In his language, it would sound more like ‘mo chuid.’ This means ‘collection, possession, or money.’ Later on the word ‘mo chuid’ turned to ‘chuid,’ and now it is referred to as ‘quid.’ English soldiers adopted this term. Thus the term is ‘quid’ for ‘pound.’ Finally, one of the most credible origins of ‘quid’ is from the Roman Empire with the Latin expression of ‘quid pro quo’ which means ‘something for something.’

SUMMARY:

‘Pound’ is the currency of Britain and other European counties. ‘Quid,’ on the other hand, is just the slang term for ‘pound.’

‘Pound’ comes from the Latin word ‘Libra’ the currency of ancient Rome. ‘Quid’ comes from the Latin term ‘quid pro quo,’ which means ‘something for something.’

Another slang for ‘pound’ is ‘sterling’ while ‘quid’ has other companions as slang for money like ‘grand’ and other terms.

‘Pound’ is the weight value of silver. ‘Quid’ is a term used to replace the term ‘pound.’