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EPA, Hammett’s name was then removed from list, as was that of Olmsted Township police Chief Matthew Vanyo, who had withdrawn from, Players who are named on less than five percent of the ballots submitted are disqualified from further, In Trump’s last weeks in office, EPA director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loss eliminated Las Vegas from playoff, San Diego State head coach Brady Hoke announced Wednesday night that SDSU has withdrawn its name from bowl, The Wildcats are the first Big 12 team to withdraw from bowl, The Roadrunners accepted the bid to the first bowl on the 2020 calendar as a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