Nature of a Trusteeâs Title. It is important in many cases to keep the fundamental nature of the trusteeâs title in mind, remembering that the sine qua non of the trust relationship is the separation of legal and. equitable ownership. The trustee is the legal owner of the property subject to the equitable rights.
A quid is a slang term for an english pound (currency not weight). Bob is slang for an old english shilling. Currently it's 100 pence = one pound. A shilling would be now worth about 5 pence today.
1 âQuidâ is originated from Latin words âquid pro quo,â with the meaning âsomething for something.â. 2  pound has many slang word like âsterlingâ but quid is itself slang term for pound like bucks or grand. â Poundâ is weighted in silver as one pound is 453 grams of silver and quid has whatever value pound gets.