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Business Definition 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.

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.

reciprocity

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

Copyright c 2000, 1994, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2000, 1995, 1991, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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