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1 definition by tea_and_crumpets

 
1.
The plural version of 'quid' which means one pound (British sterling- GBP). Squid is any amount above one pound.
Man: newspaper please
newsagent: that'll be a quid

Girl1: Please can you lend me some money, I really need it to pay back my mum.

Girl2: how much do you need?
Girl1: twenty squid.
by tea_and_crumpets August 31, 2010
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