Safety is the most important consideration in choosing a car. 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. b. Test your knowledge - and maybe learn something along the way. Synonyms for consideration. 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. Continued "A consideration is a cause, or meritorious occasion, requiring a mutual recompense, in fact or in law. 2 a : a matter weighed or taken into account when formulating an opinion or plan economic … After much consideration, I have decided to stay. bedagsaam, hoflik, tegemoetkomend, attent, پاملرونكى، دنورو دحقوقو قدر كوونكى: دملا حظې څښتن موْدب. 2. take into consideration to bear in mind; consider. Several examples of consideration are as follows: … Consideration or a valid substitute is required to have a contract. See 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 Money or other payment provided in exchange for an act or service that helps a business. 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 … Something bargained for and received by a promisor from a promisee. Definition and synonyms of consideration from the online English dictionary from Macmillan Education.. Due consideration shall be given to any demonstrated hardship on the applicant by reason of denial, as presented at the public hearing. consideration meaning: 1. the act of thinking about something carefully: 2. a particular subject or fact that needs to be…. ځكه، نظر دى ته ، له دې جهته، له دې كبله، نو. Consideration is kindness and thoughtful regard for others, or an act of thoughtfulness. 5. n. 1. a. Say, for … He is always considerate to elderly people. 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, in contract law, an inducement given to enter into a contract that is sufficient to render the promise enforceable in the courts. "8 Consideration or a valid substitute is required to have a contract. Consideration is the value or benefit for … Looking for definition of 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 “. We will give your proposal consideration. Information and translations of consideration in the most comprehensive dictionary definitions resource on the web. What made you want to look up consideration? Learn more. consideration definition in English dictionary, consideration meaning, synonyms, see also 'in consideration of',under consideration',on no consideration',take into 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. 'Nip it in the butt' or 'Nip it in the bud'? Due consideration shall be given to the concepts of affirmative action. to allow for (in considering a situation or problem). b. He stayed at home out of consideration for his mother. Define in consideration of. Careful consideration should be given to issues of health and safety. 4. a fact or circumstance to be taken into account when making a judgment or decision. Definition - What does Consideration mean? ‘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.’ Treating others as you would have them treat you (the Golden Rule) is one example of consideration. Mutual promises constitute consideration for each other. Consideration may be given for preformance of an act or for not performing an act. turned back in consideration of the worsening weather. Such a definition is no more than a generalization of those things 1 … ‘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.’ The law does not enforce gifts unless they are made by deed. Due consideration shall be given to the gas heating value and specific gravity (see 19.7 (6)“b”).c. Something bargained for and received by a promisor from a promisee. 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.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consideration. Careful thought; deliberation: We will give your proposal consideration. agreed to do it for a small consideration. UpCounsel accepts only the top 5 percent of lawyers to its site. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Note: A consideration is something that should be thought about, especially when you are planning or deciding something. Looking for definition of 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. See take sth into consideration Enrich your vocabulary with the English Definition dictionary | Meaning, pronunciation, translations and examples Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! Definition Of Consideration. Consideration is a standout amongst the most essential components needed to frame an agreement and make it substantial according to law. n. 1. a. Enrich your vocabulary with the English Definition dictionary Consideration consisting of an act performed or promise given in the past. Consideration may be given for preformance of an act or for not performing an act. This is the British English definition of consideration.View American English definition of consideration.. Change your default dictionary to American English. See the full definition for consideration in the English Language Learners Dictionary. 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 Definition of consideration 1 : continuous and careful thought After long consideration he agreed to their requests. 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. The essay begins with a brief consideration of the history of the problem. One of the three basic prime elements of a valid, binding contract. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback. Consideration explanation. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. Meaning of consideration. The technical requirement is either a detriment incurred by the person making the promise or a benefit received by the other person. Synonyms of consideration. Enrich your vocabulary with the English Definition dictionary He said there should be careful consideration of the company's future role. "7 "Tlie consideration of a promise is the thing given or done by the promisee in exchange 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. Secondary consideration definition: A consideration is something that should be thought about, especially when you are... | Meaning, pronunciation, translations and examples Define Consideration by Webster's Dictionary, WordNet Lexical Database, Dictionary of Computing, Legal Dictionary, Medical Dictionary, Dream Dictionary. Good consideration of the kind denoted by sense 1 cannot create an enforceable contract. Consideration may be cash in which case, it is more like a sale or payment-in-kind. 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. Something of value given in exchange for something else of value Consideration is a payment made by one party to another in exchange for the transfer of something of value. A one sided promise which is not supported by consideration is a gift. Price was a major consideration in our choice of house. For example, the promise to pay a debt that one is already obligated to pay is past consideration. As defined in sense 1, good consideration is the opposite of valuable consideration, though it is sometimes used to mean valuable consideration. What is Consideration? Her ideas are worthy of serious consideration. account, advisement, debate, deliberation, reflection, Define Consideration by Webster's Dictionary, WordNet Lexical Database, Dictionary of Computing, Legal Dictionary, Medical Dictionary, Dream Dictionary. Other factors must also be taken into consideration. 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. Legal definition for CONSIDERATION: (A) Contracts. Ingredients of Consideration Definition: According to Section 2(d) of the Contract Act, 1872, the consideration definition has the following ingredients:. The thought process of considering, of taking multiple or specified factors into account (with of being the main corresponding adposition). Consideration is kindness and thoughtful regard for others, or an act of thoughtfulness. What does consideration mean? Consideration is an essential element for the formation of a contract. Definition of consideration noun in Oxford Advanced Learner's Dictionary. 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 of consideration in the Definitions.net dictionary. It must be of value to both parties entering into a transaction . Careful thought; deliberation: We will give your proposal consideration. Consideration must be something of value in the eyes of the law - (Thomas v Thomas) (1842) 2 QB 851. Definition. Consideration Primary tabs. 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. | Meaning, pronunciation, translations and examples But this is not so in defining it as to content. Learn a new word every day. Consideration definition is - continuous and careful thought. [uncountable, countable] (formal) the act of thinking carefully about something An employer is legally bound to give due consideration to the request. Menu. in consideration of synonyms, in consideration of pronunciation, in consideration of translation, English dictionary definition of in consideration of. 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 … 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. 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 … Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content. The special word “consideration” in contract law refers to something that has value in the eyes of the law. Note: ( kənˌsɪdəˈreɪʃən) n. 1. the act or an instance of considering; deliberation; contemplation. If you need help with the definition of consideration in contract law, you can post your legal need on UpCounsel's marketplace. Common types of consideration include real or personal property, a return promise, some act, or a forbearance. Something bargained for and received by a promisor from a promisee in Louisiana, consideration is a gift in... Free fun content needed to frame an agreement and make it substantial according to law running... 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