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.
Americans have pennies, nickels, dimes, quarters, and various denominations of dollar bill. Great Britain has similarly sub-divided its currency into coin and banknote (paper) categories. When one speaks of a quid, she is referring to a single pound, so âfive quidâ means five pounds, âten quidâ ten pounds, and so on. âQuidâ does not apply to any amount of pence, unless you are collecting together several pence coins to make one pound, or âquid.â (âPenceâ is synonymous with âcentsâ in American currency.)