reciprocity

Dictionary of Business Terms for: reciprocity
reciprocity

generally, relationship between persons, corporations, states, or countries whereby privileges granted by one are returned by the other.

Dictionary of Marketing Terms for: reciprocity
reciprocity

arrangement between two participants in the producer market who are both buyer and seller to each other. For example, a company providing services to a trade journal may pay for advertising space in the journal with their services. A reciprocity opportunity may persuade a company to choose a less desirable vendor in exchange for sales made to that vendor.

Dictionary of Real Estate Terms for: reciprocity
reciprocity

mutual agreement to accept, such as a state’s acceptance, as valid the real estate license one has earned in another state.

Example: In the absence of reciprocity, Moore must take a new examination to obtain a real estate license in the state to which she moves. With reciprocity she needs only to present her previously earned license.

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