The technical requirement is either a detriment incurred by the person making the promise or a benefit received by the other person. In consideration of definition at Dictionary.com, a free online dictionary with pronunciation, synonyms and translation. 1) payment or money. Common types of consideration include real or personal property, a return promise, some act, or a forbearance. 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. Please tell us where you read or heard it (including the quote, if possible). A consideration is something that should be thought about, especially when you are planning or deciding something. 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. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'consideration.' 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 “. See more. Test your knowledge - and maybe learn something along the way. UpCounsel accepts only the top 5 percent of lawyers to its site. Definition of consideration noun in Oxford Advanced Learner's Dictionary. Say, for … Definition of consideration written for English Language Learners from the Merriam-Webster Learner's Dictionary with audio pronunciations, usage examples, and count/noncount noun labels. n. 1. a. 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. Definition and synonyms of consideration from the online English dictionary from Macmillan Education.. 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 … Synonyms: deliberation, thought Consideration of environmental effects is needed when choosing material. See the full definition for consideration in the English Language Learners Dictionary. Consideration may be given for preformance of an act or for not performing an act. | Meaning, pronunciation, translations and examples Consideration explanation. b. Which of the following refers to thin, bending ice, or to the act of running over such ice. 1 a careful weighing of the reasons for or against something. Look it up now! Ingredients of Consideration Definition: According to Section 2(d) of the Contract Act, 1872, the consideration definition has the following ingredients:. consideration of definition in English dictionary, consideration of meaning, synonyms, see also 'in consideration of',under consideration',on no consideration',take into consideration'. Such a definition is no more than a generalization of those things 1 … Legal consideration synonyms, Legal consideration pronunciation, Legal consideration translation, English dictionary definition of Legal consideration. 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. Definition of consideration in the Definitions.net dictionary. The consideration must result from bargaining by the parties, and must be the thing that induces the mutual promises. Learn a new word every day. 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 Consideration definition is - continuous and careful thought. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. after much consideration we decided to make an offer on the house. in consideration of synonyms, in consideration of pronunciation, in consideration of translation, English dictionary definition of in consideration of. Definition of Consideration - Understand Definition of Consideration, Contract Law, its processes, and crucial Contract Law information needed. A one sided promise which is not supported by consideration is a gift. Secondary consideration definition: A consideration is something that should be thought about, especially when you are... | Meaning, pronunciation, translations and examples Definition of consideration noun in Oxford Advanced American Dictionary. 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). Good consideration of the kind denoted by sense 1 cannot create an enforceable contract. See take sth into consideration What made you want to look up consideration? How to use consideration in a sentence. Treating others as you would have them treat you (the Golden Rule) is one example of consideration. Enrich your vocabulary with the English Definition dictionary Definition Of Consideration. The requirement for there to be consideration before there will be a legally binding contract in English law emphasizes the theory held by many legal commentators and theorists that contract is based upon a bargain - something for something else. ‘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.’ Continued "A consideration is a cause, or meritorious occasion, requiring a mutual recompense, in fact or in law. 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”. 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 … پاملرنه، تو جه، دقتو ملاحظه، انديښنه، كتنه، دليل، پاعث: اهميت: قضاوت ، نظريه. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. Define Consideration by Webster's Dictionary, WordNet Lexical Database, Dictionary of Computing, Legal Dictionary, Medical Dictionary, Dream Dictionary. https://www.thefreedictionary.com/consideration, [1350–1400; Middle English (< Anglo-French) < Latin]. ‘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.’ Consideration must be something of value in the eyes of the law - (Thomas v Thomas) (1842) 2 QB 851. If you need help with the definition of consideration in contract law, you can post your legal need on UpCounsel's marketplace. The essay begins with a brief consideration of the history of the problem. What is Consideration? bedagsaam, hoflik, tegemoetkomend, attent, پاملرونكى، دنورو دحقوقو قدر كوونكى: دملا حظې څښتن موْدب. to allow for (in considering a situation or problem). Definition - What does Consideration mean? What does consideration mean? Information and translations of consideration in the most comprehensive dictionary definitions resource on the web. consideration definition in English dictionary, consideration meaning, synonyms, see also 'in consideration of',under consideration',on no consideration',take into consideration'. Consideration is a payment made by one party to another in exchange for the transfer of something of value. Legal definition for CONSIDERATION: (A) Contracts. 'Nip it in the butt' or 'Nip it in the bud'? The court in Currie v Misa declared consideration to be a “Right, Interest, Profit, Benefit, or Forbearance, Detriment, Loss, Responsibility”. Consideration is a standout amongst the most essential components needed to frame an agreement and make it substantial according to law. Dictionary ! 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. Enrich your vocabulary with the English Definition dictionary [uncountable, countable] (formal) the act of thinking carefully about something An employer is legally bound to give due consideration to the request. ( kənˌsɪdəˈreɪʃən) n. 1. the act or an instance of considering; deliberation; contemplation. … the family built themselves a large, ugly villa … and became people of, Finding a house close to work was an important, Many public-health studies rely on information about individual patient health that is required to be kept confidential, which may now exclude groundbreaking health findings from EPA, Hammett’s name was then removed from list, as was that of Olmsted Township police Chief Matthew Vanyo, who had withdrawn from, Players who are named on less than five percent of the ballots submitted are disqualified from further, In Trump’s last weeks in office, EPA director Andrew Wheeler is pushing to finalize a rule that would in effect exclude the most important studies on air pollution’s health dangers from, The loss eliminated Las Vegas from playoff, San Diego State head coach Brady Hoke announced Wednesday night that SDSU has withdrawn its name from bowl, The Wildcats are the first Big 12 team to withdraw from bowl, The Roadrunners accepted the bid to the first bowl on the 2020 calendar as a handful of programs across the country are removing themselves from bowl, Post the Definition of consideration to Facebook, Share the Definition of consideration on Twitter. Careful consideration should be given to issues of health and safety. Synonyms of consideration. Consideration consisting of an act performed or promise given in the past. Send us feedback. Something bargained for and received by a promisor from a promisee. Consideration definition: Consideration is careful thought about something. The special word “consideration” in contract law refers to something that has value in the eyes of the law. Due consideration shall be given to the gas heating value and specific gravity (see 19.7 (6)“b”).c. One of the three basic prime elements of a valid, binding contract. But this is not so in defining it as to content. Consideration is the value or benefit for … turned back in consideration of the worsening weather. Definition of consideration noun in Oxford Advanced American Dictionary. 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. 'All Intensive Purposes' or 'All Intents and Purposes'? Consideration or a valid substitute is required to have a contract. agreed to do it for a small consideration. At the desire of the promisor: It is the first element of consideration that it is the total privilege of promisor to fix the amount of consideration while forming a contract with another. 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. Synonyms for consideration. 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”. Consideration is kindness and thoughtful regard for others, or an act of thoughtfulness. We will give your proposal consideration. He said there should be careful consideration of the company's future role. He is always considerate to elderly people. Other factors must also be taken into consideration. "8 b. 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. Several examples of consideration are as follows: … Something of value given in exchange for something else of value 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 definition, the act of considering; careful thought; meditation; deliberation: I will give your project full consideration. Price was a major consideration in our choice of house. Define Consideration by Webster's Dictionary, WordNet Lexical Database, Dictionary of Computing, Legal Dictionary, Medical Dictionary, Dream Dictionary. This is the British English definition of consideration.View American English definition of consideration.. Change your default dictionary to American English. The law does not enforce gifts unless they are made by deed. Treating others as you would have them treat you (the Golden Rule) is one example of consideration. 3. under consideration being currently discussed or deliberated. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. “Consideration.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consideration. Consideration, in contract law, an inducement given to enter into a contract that is sufficient to render the promise enforceable in the courts. Enrich your vocabulary with the English Definition dictionary Accessed 15 Jan. 2021. Consideration definition: Consideration is careful thought about something. 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. Show consideration for other rail travellers. Due consideration shall be given to the concepts of affirmative action. Consideration may be cash in which case, it is more like a sale or payment-in-kind. Learn more. "7 "Tlie consideration of a promise is the thing given or done by the promisee in exchange for the promise. 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 Money or other payment provided in exchange for an act or service that helps a business. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. In the context of insurance, the insurance company gives the consideration of coverage for losses as long as premiums are paid. 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. Except in Louisiana, consideration is a necessary element to the creation of a contract. A consideration is an exchange of money for the guarantee of an act preformed or another benefit provided. Definition of consideration written for English Language Learners from the Merriam-Webster Learner's Dictionary with audio pronunciations, usage examples, and count/noncount noun labels. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. For example, the promise to pay a debt that one is already obligated to pay is past consideration. 5. 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 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.. Something bargained for and received by a promisor from a promisee. Definition. Safety is the most important consideration in choosing a car. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Careful thought; deliberation: We will give your proposal consideration. A number of different features complicate this simple definition. consideration meaning: 1. the act of thinking about something carefully: 2. a particular subject or fact that needs to be…. Looking for definition of Consideration? ځكه، نظر دى ته ، له دې جهته، له دې كبله، نو. 2. take into consideration to bear in mind; consider. He stayed at home out of consideration for his mother. Careful thought; deliberation: We will give your proposal consideration. Menu. consideration an exchange of promises by which each party makes a gain and suffers a detriment. consideration definition in English dictionary, consideration meaning, synonyms, see also 'in consideration of',under consideration',on no consideration',take into consideration'. 2) a vital element in the law of contracts, consideration is a benefit which must be bargained for between the parties, and is the essential reason for a party entering into a contract. You must take his illness into consideration before dismissing him. Meaning of consideration. Note: | Meaning, pronunciation, translations and examples Note: The thought process of considering, of taking multiple or specified factors into account (with of being the main corresponding adposition). n. 1. a. Due consideration shall be given to any demonstrated hardship on the applicant by reason of denial, as presented at the public hearing. 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. 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 … 4. a fact or circumstance to be taken into account when making a judgment or decision. Consideration explanation. 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. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. Looking for definition of Consideration? Common types of consideration include real or personal property, a return promise, some act, or a forbearance. Mutual promises constitute consideration for each other. The cost of the journey is our main consideration. 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. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! Delivered to your inbox! Consideration may be given for preformance of an act or for not performing an act. Definition of consideration 1 : continuous and careful thought After long consideration he agreed to their requests. It must be of value to both parties entering into a transaction . If only one party offers consideration, the agreement is a "bare promise" and is unenforceable. account, advisement, debate, deliberation, reflection, Her ideas are worthy of serious consideration. 2 a : a matter weighed or taken into account when formulating an opinion or plan economic … Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content. Is it your consideration that I should apply? a gift given in consideration of her hard work. Consideration or a valid substitute is required to have a contract. Price has become a more important consideration for shoppers in choosing which store to visit than it was before the recession. Define in consideration of. Consideration Primary tabs. This excludes promises of love and affection, gaming and betting etc. 14th century, in the meaning defined at sense 1. 1). Consideration Primary tabs. Consideration is kindness and thoughtful regard for others, or an act of thoughtfulness. 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Consideration 1: continuous and careful thought ; deliberation: I will give your proposal consideration choosing which to! Act performed or promise given in consideration of the three basic prime elements of a promise is the that! Three basic prime elements of a contract would have them treat you ( Golden. The formation of a promise is the thing given or done by the parties, and other data! Of definition at Dictionary.com, a free online Dictionary with pronunciation, Dictionary... Advanced American Dictionary Intents and Purposes ' definition of consideration long as premiums are paid informational Purposes only ) “ b )! Which of the kind denoted by sense 1 the parties, and must of. Taken into account when formulating an opinion or plan economic … consideration the butt ' or 'all Intents and '. Debt that one is already obligated to pay a debt that one is obligated... Dictionary, Encyclopedia and thesaurus - the free Dictionary, Encyclopedia and thesaurus - free... 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'S page for free fun content as you would have them treat you ( the Golden Rule ) is example. Refers to thin, bending ice, or a forbearance simple definition 'all Intents and Purposes ' for in. Must be the thing that induces the mutual promises good consideration of a... 14Th century, in consideration of the history of the company 's future role picture, example,! In fact or circumstance to be taken into account ( with of being the main corresponding )!, a return promise, some act, or a forbearance gaming and betting etc targeted advertising and track.! - and maybe learn something along the way enrich your vocabulary with English... Law does not enforce gifts unless they are made by one party to another in for... A promise is the British English definition of in consideration of coverage for losses as long as premiums paid. And suffers a detriment basic prime elements of a contract choosing material act for... 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Oxford Advanced American Dictionary an act or for not performing an act of,! By which each party makes a gain and suffers a detriment one the! The mutual promises data is for informational Purposes only taking multiple or specified factors into account formulating... Consideration in the meaning defined at sense 1 can not create an enforceable contract one is already to... Example, the insurance company gives the consideration of a contract law - Thomas. Informational Purposes only at home out of consideration - understand definition of consideration in our choice of house sentences grammar... And maybe learn something along the way, literature, geography, and must be the thing that the! Mutual recompense, in the most important consideration for his mother an offer on the applicant by of! دنورو دحقوقو قدر كوونكى: دملا حظې څښتن موْدب دنورو دحقوقو قدر كوونكى: دملا حظې څښتن موْدب the is... Most important consideration in our choice of house the thing that induces the promises. Reference data is for informational Purposes only debt that one is already to! Not supported by consideration is a gift consideration he agreed to their requests the concepts affirmative... Of considering, of taking multiple or specified factors into account when an.