consideration

consideration definition - business

consideration

  1. Something of value provided by one party to another. For example, a person might provide an idea or labor to a business in exchange for shares of ownership.
  2. Payments made to an insurance company for the purchase of an annuity.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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