to allow for (in considering a situation or problem). Consideration can be anything of value (such as any goods, money, services, or promises of any of these), which each party gives as a quid pro quo to support their side of the bargain. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. Consideration or a valid substitute is required to have a contract. https://www.thefreedictionary.com/consideration, [1350–1400; Middle English (< Anglo-French) < Latin]. Consideration Primary tabs. Definition and synonyms of consideration from the online English dictionary from Macmillan Education.. Considering his deafness he manages to understand very well. 1) payment or money. account, advisement, debate, deliberation, reflection, 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.. Define in consideration of. If only one party offers consideration, the agreement is a "bare promise" and is unenforceable. Enrich your vocabulary with the English Definition dictionary Consideration definition, the act of considering; careful thought; meditation; deliberation: I will give your project full consideration. 4. a fact or circumstance to be taken into account when making a judgment or decision. Good consideration of the kind denoted by sense 1 cannot create an enforceable contract. 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. Treating others as you would have them treat you (the Golden Rule) is one example of consideration. Definition of consideration noun in Oxford Advanced American Dictionary. What made you want to look up consideration? ځكه، نظر دى ته ، له دې جهته، له دې كبله، نو. "8 Consideration Money or other payment provided in exchange for an act or service that helps a business. Note: 2 a : a matter weighed or taken into account when formulating an opinion or plan economic … This excludes promises of love and affection, gaming and betting etc. Definition of consideration 1 : continuous and careful thought After long consideration he agreed to their requests. Definition of consideration The word “consideration” is defined in Contracts Act 1950 Section 2(d) of the said Act as: “When, at the desire of the promisor, the promise or any other person has done or abstained from doing, or does or abstains from doing, or promise to do or to abstain from doing, something, such act or abstinence or promise is called a consideration for the promise”. Mutual promises constitute consideration for each other. [uncountable, countable] (formal) the act of thinking carefully about something An employer is legally bound to give due consideration to the request. | Meaning, pronunciation, translations and examples He stayed at home out of consideration for his mother. 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. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. b. You must take his illness into consideration before dismissing him. Treating others as you would have them treat you (the Golden Rule) is one example of consideration. Common types of consideration include real or personal property, a return promise, some act, or a forbearance. Definition (2) • Note: – Consideration is traditionally needed not just for a new contract to be formed but also for making effective an agreement to vary or discharge an existing contract; – Consideration need not benefit promisor; it can consist simply of some Common types of consideration include real or personal property, a return promise, some act, or a forbearance. 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 “. Price has become a more important consideration for shoppers in choosing which store to visit than it was before the recession. A number of different features complicate this simple definition. 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. Consideration explanation. Something bargained for and received by a promisor from a promisee. 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). Consideration is a standout amongst the most essential components needed to frame an agreement and make it substantial according to law. Something of value given in exchange for something else of value Meaning of consideration. “Consideration.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consideration. Definition of Consideration - Understand Definition of Consideration, Contract Law, its processes, and crucial Contract Law information needed. The special word “consideration” in contract law refers to something that has value in the eyes of the law. Consideration consisting of an act performed or promise given in the past. Legal consideration synonyms, Legal consideration pronunciation, Legal consideration translation, English dictionary definition of Legal consideration. Definition of consideration noun in Oxford Advanced American Dictionary. Enrich your vocabulary with the English Definition dictionary 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 … 14th century, in the meaning defined at sense 1. Definition of consideration noun in Oxford Advanced Learner's Dictionary. Consideration definition: Consideration is careful thought about something. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. Consideration is the value or benefit for … Definition of Consideration : Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances. Menu. 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 … Consideration explanation. Synonyms: deliberation, thought Consideration of environmental effects is needed when choosing material. Please tell us where you read or heard it (including the quote, if possible). Consideration is kindness and thoughtful regard for others, or an act of thoughtfulness. Safety is the most important consideration in choosing a car. consideration of definition in English dictionary, consideration of meaning, synonyms, see also 'in consideration of',under consideration',on no consideration',take into consideration'. Define Consideration by Webster's Dictionary, WordNet Lexical Database, Dictionary of Computing, Legal Dictionary, Medical Dictionary, Dream Dictionary. A consideration is something that should be thought about, especially when you are planning or deciding something. 'All Intensive Purposes' or 'All Intents and Purposes'? b. Consideration may be cash in which case, it is more like a sale or payment-in-kind. Due consideration shall be given to the concepts of affirmative action. Looking for definition of Consideration? 1). See the full definition for consideration in the English Language Learners Dictionary. Definition of consideration in the Definitions.net dictionary. One of the three basic prime elements of a valid, binding contract. ‘Hopefully there would be some wonderful moments - instances of consideration and thoughtfulness and kindness.’ ‘The basic need is a value base that can be shared by all the citizens and a heart filled with consideration, sensitivity and a willingness to be of assistance towards other people.’ He is always considerate to elderly people. Consideration may be given for preformance of an act or for not performing an act. Consideration definition: Consideration is careful thought about something. The thought process of considering, of taking multiple or specified factors into account (with of being the main corresponding adposition). How to use consideration in a sentence. The essay begins with a brief consideration of the history of the problem. But this is not so in defining it as to content. Note: Accessed 15 Jan. 2021. UpCounsel accepts only the top 5 percent of lawyers to its site. What is Consideration? a gift given in consideration of her hard work. If you need help with the definition of consideration in contract law, you can post your legal need on UpCounsel's marketplace. Consideration may be given for preformance of an act or for not performing an act. As defined in sense 1, good consideration is the opposite of valuable consideration, though it is sometimes used to mean valuable consideration. Definition: In common parlance, consideration refers to something paid to someone in return for something else.In legal terminology, it can be understood as the price or compensation which has to be paid by the promisee to the promisor for doing or not doing an act. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. 'Nip it in the butt' or 'Nip it in the bud'? 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. Learn more. Show consideration for other rail travellers. A one sided promise which is not supported by consideration is a gift. ‘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.’ Definition: In common parlance, consideration refers to something paid to someone in return for something else.In legal terminology, it can be understood as the price or compensation which has to be paid by the promisee to the promisor for doing or not doing an act. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'consideration.' Consideration, in contract law, an inducement given to enter into a contract that is sufficient to render the promise enforceable in the courts. Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content. Due consideration shall be given to any demonstrated hardship on the applicant by reason of denial, as presented at the public hearing. Acquisition Consideration means the sum of the cash purchase price for any Permitted Acquisition payable at or prior to the closing date of such Permitted Acquisition (and which, for the avoidance of doubt, shall not include any purchase price adjustment, royalty, earnout, contingent payment or any other deferred payment of a similar nature) plus the aggregate principal amount of Indebtedness assumed … Other factors must also be taken into consideration. Careful thought; deliberation: We will give your proposal consideration. Learn a new word every day. consideration definition in English dictionary, consideration meaning, synonyms, see also 'in consideration of',under consideration',on no consideration',take into consideration'. 2. take into consideration to bear in mind; consider. Careful consideration should be given to issues of health and safety. 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. Information and translations of consideration in the most comprehensive dictionary definitions resource on the web. We will give your proposal consideration. Definition Of Consideration. Careful thought; deliberation: We will give your proposal consideration. What does consideration mean? In consideration of definition at Dictionary.com, a free online dictionary with pronunciation, synonyms and translation. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. The technical requirement is either a detriment incurred by the person making the promise or a benefit received by the other person. Send us feedback. turned back in consideration of the worsening weather. bedagsaam, hoflik, tegemoetkomend, attent, پاملرونكى، دنورو دحقوقو قدر كوونكى: دملا حظې څښتن موْدب. Due consideration shall be given to the gas heating value and specific gravity (see 19.7 (6)“b”).c. Consideration Primary tabs. Consideration is characterized as “something of worth which makes the gatherings go into an agreement or understanding as per which they have to trade their administrations”. after much consideration we decided to make an offer on the house. Looking for definition of Consideration? Something bargained for and received by a promisor from a promisee. Is it your consideration that I should apply? 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. The law does not enforce gifts unless they are made by deed. Test your knowledge - and maybe learn something along the way. He said there should be careful consideration of the company's future role. Legal definition for CONSIDERATION: (A) Contracts. Such a definition is no more than a generalization of those things 1 … Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Consideration must be something of value in the eyes of the law - (Thomas v Thomas) (1842) 2 QB 851. Say, for … Enrich your vocabulary with the English Definition dictionary Consideration is an essential element for the formation of a contract. This is the British English definition of consideration.View American English definition of consideration.. Change your default dictionary to American English. Definition. 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 an exchange of promises by which each party makes a gain and suffers a detriment. Price was a major consideration in our choice of house. Consideration or a valid substitute is required to have a contract. Consideration is kindness and thoughtful regard for others, or an act of thoughtfulness. See take sth into consideration Her ideas are worthy of serious consideration. For example, the promise to pay a debt that one is already obligated to pay is past consideration. Ingredients of Consideration Definition: According to Section 2(d) of the Contract Act, 1872, the consideration definition has the following ingredients:. 3. under consideration being currently discussed or deliberated. The cost of the journey is our main consideration. Define Consideration by Webster's Dictionary, WordNet Lexical Database, Dictionary of Computing, Legal Dictionary, Medical Dictionary, Dream Dictionary. Look it up now! agreed to do it for a small consideration. Except in Louisiana, consideration is a necessary element to the creation of a contract. In the context of insurance, the insurance company gives the consideration of coverage for losses as long as premiums are paid. Synonyms for consideration. After much consideration, I have decided to stay. Delivered to your inbox! But the wishes of Miss Magdalen Vanstone's eldest sister have claims on my, Solon seems not to have altered the established form of government, either with respect to the senate or the mode of electing their magistrates; but to have raised the people to great, But I have an interest in her, or I should rather say--no longer belonging to this place--I had, and if you can find so much, I have always thought love the only foundation of happiness in a married state, as it can only produce that high and tender friendship which should always be the cement of this union; and, in my opinion, all those marriages which are contracted from other motives are greatly criminal; they are a profanation of a most holy ceremony, and generally end in disquiet and misery: for surely we may call it a profanation to convert this most sacred institution into a wicked sacrifice to lust or avarice: and what better can be said of those matches to which men are induced merely by the, That's a great thing," Sergey Ivanovitch said to himself, feeling at the same time that this, The hardened shameless depravity of the whole composition, from beginning to end--the atrocious perversity of mind which persistently associated me with a calamity for which I was in no sense answerable, and with a death which I had risked my life in trying to avert--so disgusted me, that I was on the point of tearing the letter, when a, The Colonel reproached his daughter for her lack of filial kindness and respect, her want of sisterly affection and womanly, It is only to be lamented that any of her citizens should wish to deprive her of the additional merit of displaying its full efficacy in the establishment of the comprehensive system now under her. A consideration is an exchange of money for the guarantee of an act preformed or another benefit provided. Consideration is a payment made by one party to another in exchange for the transfer of something of value. See more. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Definition of consideration The word “consideration” is defined in Contracts Act 1950 Section 2(d) of the said Act as: “When, at the desire of the promisor, the promise or any other person has done or abstained from doing, or does or abstains from doing, or promise to do or to abstain from doing, something, such act or abstinence or promise is called a consideration for the promise”. 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. 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