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Definition

Reciprocity

Reciprocity is a relationship between states or other taxing jurisdictions whereby privileges granted by one are returned by the other under a reciprocal agreement.

Definition Two:

Reciprocity is a system of the exchange of goods based on social ties.

Webster Dictionary Meaning

1. Reciprocity
- Mutual action and reaction.
- Reciprocal advantages, obligations, or rights; reciprocation.
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