Reciprocal Link

Business / Search Engine Optimization (SEO) / Reciprocal Link: Nepotistic link exchanges where websites try to build false authority by trading links, using three way link trades, or other low quality link schemes. When sites link naturally there is going to be some amount of cross linking within a community, but if most or all of your links are reciprocal in nature it may be a sign of ranking manipulation. Also sites that trade links off topic or on links pages that are stashed away deep within their sites probably do not pass much link authority, and may add more risk than reward. Quality reciprocal link exchanges in and of themselves are not a bad thing, but most reciprocal link offers are of low quality. If too many of your links are of low quality it may make it harder for your site to rank for relevant queries, and some search engines may look at inlink and outlink ratios as well as link quality when determining how natural a site's link profile is.
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Other Words for Link

Link Noun Synonyms: connection, tie-up, tie-in, relation, relationship, association, affiliation, interdependence
Link Adjective Synonyms: tie, bond, coupling, connector, vinculum, element, constituent, component
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Other Words for Reciprocal

Reciprocal Noun Synonyms: mutual, exchanged, returned, complementary, correlative, common, shared, joint, requited
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Link Exchange

Business / Search Engine Optimization (SEO) / Link Exchange: a reciprocal linking scheme often facilitated by a site devoted to directory pages. Link exchanges usually allow links to sites of low or no quality, and add no value themselves. Quality directories a MORE

Non Reciprocal Link

Business / Search Engine Optimization (SEO) / Non Reciprocal Link: if site A links to site B, but site B does not link back to site A, then the link is considered non reciprocal. Search engines tend to give more value to non-reciprocal links than to reciprocal ones b MORE

Link Building

Business / Internet Marketing / Link Building: The process of getting quality Web sites to link to your Web site, in order to improve search engine rankings. Link building techniques can reciprocal linking, entering barter arrangements, and may in MORE