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reciprocity

rec·i·proc·i·ty [ rèssə próssətee ] (plural rec·i·proc·i·ties)


noun 
Definition:
 
1. relationship involving mutual exchange: a relationship between people involving the exchange of goods, services, favors, or obligations, especially a mutual exchange of privileges between trading nations or recognition of licenses between states
the long-standing tariff reciprocity between our two countries

2. reciprocal relationship or act: something done mutually or in return

[Mid-18th century. < French réciprocité< Latin reciprocus (see reciprocal)]
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