consideration[kən sid′ər ā′s̸hən]
- The definition of consideration is careful thought or attention or compassionate regard for someone or something.
- An example of consideration is someone deciding between two options for dinner.
- An example of consideration is someone bringing a friend dinner who just had a baby.
- the act of considering; careful thought or attention; deliberation
- thoughtful or sympathetic regard for others
- something that is, or should be, considered, as in making a decision
- a thought or opinion produced by considering
- regard; esteem; importance
- a recompense, as for a service rendered; fee; compensation
- Law something of value given or done in exchange for something of value given or done by another, in order to make a binding contract; inducement for a contract
Origin of considerationMiddle English consideracioun ; from Classical Latin consideratio
in consideration of
- because of
- in return for
on no consideration
not for any reason; never
take into consideration
to keep in mind; take account; make allowance for
being thought over or discussed
- a. Careful thought; deliberation: We will give your proposal consideration.b. A result of considering; an opinion or a judgment: Is it your consideration that I should apply?
- A factor to be considered in forming a judgment or decision: Safety is the most important consideration in choosing a car.
- A treatment or account: The essay begins with a brief consideration of the history of the problem.
- Thoughtful concern for others; solicitude.
- High regard; esteem.
- Payment given in exchange for a service rendered; recompense: agreed to do it for a small consideration.
- Law Something promised, given, or done that has the effect of making an agreement a legally enforceable contract.
- The thought process of considering, of taking everything into account.
- After much consideration, I have decided to stay.
- Something considered as a reason or ground for a (possible) decision.
- The tendency to consider others.
- You showed remarkable consideration in giving up your place for your friend.
- Will you noisy children show some consideration and stop your infernal screaming? I'm trying to study!
- A payment or other recompense for something done.
- Sure I'll move my car, but only for a consideration.
- (law) A matter of inducement for something promised; something valuable given as recompense for a promise, which causes the promise to become binding as a contract.
- Importance, claim to notice, regard.
consideration - Legal Definition
Something of value to either the promisee or the promisor of a contract (usually cash, but also property, a promise to do something or not to do something, and so on) that is given or will be given by the promisee to the promisor in exchange for a performance or a promise of a performance by the promisor. For the contract to be enforceable, the consideration must be something that the promisee, to his or her detriment or loss, is giving up, or something that benefits the promisor.gratuitous consideration
Consider-ation that is neither a detriment or loss to a promisee nor a benefit to the promisor. For example, the promise to pay for an item with something that is worthless to both the promisee and the promisor is gratuitous consideration. A contract based on such consideration is unenforceable.illegal consideration
Consideration that contravenes the law, public policy, or the public interest. For example, the promise to physically harm someone in exchange for an item is illegal consideration. A contract based on such consideration is unenforceable.nominal consideration
Consideration that is so small that it has no meaningful value in light of the performance or promise that it is being exchanged for. For example, when buying a $10 million business for only one dollar, the dollar is nominal consideration. Traditionally, courts did not consider the value of the consideration when determining the enforceability of a contract, but today a nominal consideration might be viewed as evidence that the contract is unconscionable or is, in reality, a gift rather than a contract.past consideration
Consideration consisting of an act performed or promise given in the past. For example, the promise to pay a debt that one is already obligated to pay is past consideration. A contract based on such consideration is usually unenforceable because, typically, the original performance was done or the original promise was made for some reason other than to exchange it for the current performance or promise of the promisor.sufficient consideration
Consider-ation that is of a great enough value to be meaningful in light of the performance or promise that it is being exchanged for.valuable consideration
Consideration that is of a great enough value to be meaningful in light of the performance or promise that it is being exchanged for and that has a measurable financial value to either the promisee or the promisor.