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.
Instead of saying â100 pounds,â people would say â100 quids.â The term âquidâ has been used a long time ago already; however, these days people are getting confused as to when and how the term âquidâ and âpoundâ are used interchangeably.