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