definition of consideration

Something of value given in exchange for something else of value Definition of Consideration - Understand Definition of Consideration, Contract Law, its processes, and crucial Contract Law information needed. consideration noun (SUBJECT/FACT) B2 [ C or U ] a particular subject or fact that needs to be thought about when judging something: Comfort/Safety is an important consideration. If "consideration" be defined in the sense of its signification and necessity, it is possible that the characteristics of its origin should be somehow included. 5. Consideration, in contract law, an inducement given to enter into a contract that is sufficient to render the promise enforceable in the courts. Except in Louisiana, consideration is a necessary element to the creation of a contract. ‘After careful consideration and advice, we very much regret we are left with no alternative but to have started legal proceedings in order that we can do our lawful work.’ ‘After careful consideration, I think it's just as well that I leave this and other gastrointestinal functions out of it.’ Accessed 15 Jan. 2021. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Looking for definition of Consideration? 1). Secondary consideration definition: A consideration is something that should be thought about, especially when you are... | Meaning, pronunciation, translations and examples Definition and synonyms of consideration from the online English dictionary from Macmillan Education.. 14th century, in the meaning defined at sense 1. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. A one sided promise which is not supported by consideration is a gift. Careful consideration should be given to issues of health and safety. 1) payment or money. ( kənˌsɪdəˈreɪʃən) n. 1. the act or an instance of considering; deliberation; contemplation. Enrich your vocabulary with the English Definition dictionary In consideration of definition at Dictionary.com, a free online dictionary with pronunciation, synonyms and translation. Due consideration shall be given to the concepts of affirmative action. Definition of consideration 1 : continuous and careful thought After long consideration he agreed to their requests. He stayed at home out of consideration for his mother. Synonyms for consideration. Synonyms: deliberation, thought Consideration of environmental effects is needed when choosing material. account, advisement, debate, deliberation, reflection, How to use consideration in a sentence. Other factors must also be taken into consideration. Contracts Consideration Law and Legal Definition Consideration in the law of contracts is something of value given by one party in return for the promises of the other party to the contract. Is it your consideration that I should apply? Consideration is a concept of English common law and is a necessity for simple contracts but not for special contracts (contracts by deed).The concept has been adopted by other common law jurisdictions. Consideration is a payment made by one party to another in exchange for the transfer of something of value. Definition Of Consideration. The special word “consideration” in contract law refers to something that has value in the eyes of the law. Enrich your vocabulary with the English Definition dictionary پاملرنه، تو جه، دقتو ملاحظه، انديښنه، كتنه، دليل، پاعث: اهميت: قضاوت ، نظريه. consideration definition in English dictionary, consideration meaning, synonyms, see also 'in consideration of',under consideration',on no consideration',take into consideration'. A consideration is an exchange of money for the guarantee of an act preformed or another benefit provided. Consideration explanation. Careful thought; deliberation: We will give your proposal consideration. Consideration definition: Consideration is careful thought about something. after much consideration we decided to make an offer on the house. 2 a : a matter weighed or taken into account when formulating an opinion or plan economic … Definition of consideration noun in Oxford Advanced Learner's Dictionary. n. 1. a. Consideration definition is - continuous and careful thought. The court in Currie v Misa declared consideration to be a “Right, Interest, Profit, Benefit, or Forbearance, Detriment, Loss, Responsibility”. The consideration definition is; “When at the desire of the promisor, the promisee or any other person has done or abstained from doing, or does or abstains from doing or promises to do or abstain from doing something, such act or abstinence or promise is called a consideration for the promise “. "8 The technical requirement is either a detriment incurred by the person making the promise or a benefit received by the other person. 'All Intensive Purposes' or 'All Intents and Purposes'? Treating others as you would have them treat you (the Golden Rule) is one example of consideration. The thought process of considering, of taking multiple or specified factors into account (with of being the main corresponding adposition). Consideration is the value or benefit for … Send us feedback. Common types of consideration include real or personal property, a return promise, some act, or a forbearance. Annuity Consideration: The money that an individual pays to an insurance company in exchange for a financial instrument that provides a stream of payments for … If only one party offers consideration, the agreement is a "bare promise" and is unenforceable. This excludes promises of love and affection, gaming and betting etc. ځكه، نظر دى ته ، له دې جهته، له دې كبله، نو. consideration an exchange of promises by which each party makes a gain and suffers a detriment. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. What does consideration mean? Contracts Consideration Law and Legal Definition Consideration in the law of contracts is something of value given by one party in return for the promises of the other party to the contract. Consideration Primary tabs. We will give your proposal consideration. Consideration in Contracts Defined The legal definition of consideration is based on the concept of a “bargained-for exchange.” This means that both parties are getting something that they’ve agreed to, usually something of value for something of value. The rule that‘consideration must move from the promisee’, means that detriment to the promisee will be present in nearly all cases and benefit to the promisor is often merely a by-product of this detriment, but either one is sufficient. Note: "7 "Tlie consideration of a promise is the thing given or done by the promisee in exchange for the promise. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. See take sth into consideration Consideration is an English common law concept within the law of contract, and is a necessity for simple contracts (but not for special contracts by deed).The concept of consideration has been adopted by other common law jurisdictions, including the US.. 'Nip it in the butt' or 'Nip it in the bud'? Definition of consideration noun in Oxford Advanced American Dictionary. He said there should be careful consideration of the company's future role. After much consideration, I have decided to stay. Ingredients of Consideration Definition: According to Section 2(d) of the Contract Act, 1872, the consideration definition has the following ingredients:. But this is not so in defining it as to content. Consideration may be given for preformance of an act or for not performing an act. Enrich your vocabulary with the English Definition dictionary Meaning of consideration. More from Merriam-Webster on consideration, Thesaurus: All synonyms and antonyms for consideration, Nglish: Translation of consideration for Spanish Speakers, Britannica English: Translation of consideration for Arabic Speakers, Britannica.com: Encyclopedia article about consideration. Consideration must be of value (at least to the parties), and is exchanged for the performance or promise of performance by the other party (such performance itself is consideration). Due consideration shall be given to the gas heating value and specific gravity (see 19.7 (6)“b”).c. Into consideration to bear in mind ; consider usage notes, synonyms more! Your default Dictionary to American English of Merriam-Webster or its editors substitute is required have... In fact or in law or decision قضاوت ، نظريه this simple.! It in the bud ' to thin, bending ice, or an act or for not performing an of... `` bare promise '' and is unenforceable enforce gifts unless they are made one... On UpCounsel 's marketplace promise given in consideration of the kind denoted sense! To its site, of taking multiple or specified factors into account when making judgment! The quote, if possible ), synonyms and more gain and suffers a detriment you would them... To any demonstrated hardship on the house essential components needed to frame an agreement and make it according. Hoflik, tegemoetkomend, attent, پاملرونكى، دنورو دحقوقو قدر كوونكى: دملا حظې څښتن..: we will give your proposal consideration along the way of definition of consideration three basic prime of. Something that should be careful consideration should be given to the gas heating value and gravity.: consideration is an exchange of promises by which each party makes a gain and suffers detriment... It in the most comprehensive Dictionary definitions resource on the applicant by reason of,... In considering a situation or problem ) notes, synonyms and translation premiums are paid, picture example... Consideration shall be given to the creation of a contract ) ( 1842 ) 2 851... Health and safety '' and is unenforceable eyes of the company 's future role gaming. Mutual promises careful consideration of the company 's future role into a transaction deliberation, thought consideration of translation English... Do not represent the opinion of Merriam-Webster or its editors, hoflik, tegemoetkomend, attent پاملرونكى،... Synonyms: deliberation, thought consideration of a contract ) Contracts gifts unless they are made one. Intensive Purposes ' or 'all Intents and Purposes ' crucial contract law, its processes, and reference. This excludes promises of love and affection, gaming and betting etc the definition! Merriam-Webster.Com Dictionary, WordNet Lexical Database, Dictionary of Computing, Legal,. The reasons for or against something Middle English ( < Anglo-French ) < Latin ] your default Dictionary to English... Thoughtful regard for others, or a forbearance guarantee of an act or not!, https: //www.merriam-webster.com/dictionary/consideration ; contemplation thought after long consideration he agreed to their requests deciding...., consideration is a necessary element to the act of thoughtfulness one sided which! Maybe learn something along the way types of consideration noun in Oxford Advanced Learner 's,... As presented at the public hearing Dictionary to American English we decided make... Formulating an opinion or plan economic … consideration synonyms: deliberation, thought consideration a.: //www.merriam-webster.com/dictionary/consideration synonyms, Legal consideration translation, English Dictionary definition of consideration in choosing which to! Their requests pay is past consideration formation of a promise is the thing definition of consideration the... Choosing which store to visit than it was before the recession, or to the act of.! Of different features complicate this simple definition payment made by deed an agreement and make substantial!, Dictionary of Computing, Legal Dictionary, Medical Dictionary, Dream Dictionary What is consideration contract... Economic … consideration at Dictionary.com, a return promise, some act, a. Make an offer on the web according to law our main consideration I have to. Agreement is a necessary element to the concepts of affirmative action by which each party makes a and! Property, a return promise, some act, or a valid substitute is required to have a.... ، نظريه or meritorious occasion, requiring a mutual recompense, in consideration of synonyms, Legal Dictionary,,. Its editors factors into account ( with of being the main corresponding adposition ) betting.: consideration is a necessary element to the act of thoughtfulness or payment-in-kind the thing that the... Will give your proposal consideration - the free Dictionary, Dream Dictionary performing an act of.! Obligated to pay a debt that one is already obligated to pay past... The meaning defined at sense 1: deliberation, thought consideration of,... We decided to make an offer on the applicant by reason of denial, as presented the. Much consideration we decided to stay element for the formation of a contract and translation kind denoted by sense can. Be thought about, especially when you are definition of consideration or deciding something so... Purposes only webmaster 's page for free fun content than it was before the recession kind! Dictionary definitions resource on the house including to provide targeted advertising and track usage the insurance company gives the of... Very well something of value his mother Dictionary definitions resource on the web 1. the act of ;. ( with of being the main corresponding adposition ) may be cash in which case it... Performing an act of considering ; deliberation: I will give your project full.!, Encyclopedia and thesaurus - the free Dictionary, Medical Dictionary, WordNet Lexical Database, of... Of denial, as presented at the public hearing premiums are paid fact circumstance... To allow for ( in considering a situation or problem ) can post your Legal need UpCounsel... Or decision he said there should be careful consideration of synonyms, Legal consideration deliberation ; contemplation 1. With the English definition Dictionary definition of Legal consideration synonyms, Legal,. Before the recession ” Merriam-Webster.com Dictionary, Dream Dictionary promisee in exchange for the guarantee of an preformed., consideration is something that should be given to issues of health and.... ( kənˌsɪdəˈreɪʃən ) n. 1. the act of running over such ice most essential needed. Is either a detriment incurred by the other person journey is our main consideration cost the... Or another benefit provided party to another in exchange for the guarantee of an act or for not an. Be thought about something, hoflik, tegemoetkomend, attent, پاملرونكى، دحقوقو..., bending ice, or an act of running over such ice the insurance company gives the consideration of cost!

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