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.
The slang term for a pound is a quid and there are other slang terms for various amounts of money that a reader will come across in historical novels. A monkey is 500 pounds, a pony is 25 pounds. You will often find those last two terms bandied about by gamblers in regency novels.