https://www.thefreedictionary.com/consideration, [1350–1400; Middle English (< Anglo-French) < Latin]. 2. take into consideration to bear in mind; consider. bedagsaam, hoflik, tegemoetkomend, attent, پاملرونكى، دنورو دحقوقو قدر كوونكى: دملا حظې څښتن موْدب. Consideration definition is - continuous and careful thought. 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. Consideration or a valid substitute is required to have a contract. "7 "Tlie consideration of a promise is the thing given or done by the promisee in exchange for the promise. Consideration consisting of an act performed or promise given in the past. The special word “consideration” in contract law refers to something that has value in the eyes of the law. Something bargained for and received by a promisor from a promisee. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. He stayed at home out of consideration for his mother. Considering his deafness he manages to understand very well. Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content. consideration meaning: 1. the act of thinking about something carefully: 2. a particular subject or fact that needs to be…. Consideration explanation. Accessed 15 Jan. 2021. UpCounsel accepts only the top 5 percent of lawyers to its site. in consideration of synonyms, in consideration of pronunciation, in consideration of translation, English dictionary definition of in consideration of. | Meaning, pronunciation, translations and examples [uncountable, countable] (formal) the act of thinking carefully about something An employer is legally bound to give due consideration to the request. Such a definition is no more than a generalization of those things 1 … ( kənˌsɪdəˈreɪʃən) n. 1. the act or an instance of considering; deliberation; contemplation. Mutual promises constitute consideration for each other. Safety is the most important consideration in choosing a car. 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. One of the three basic prime elements of a valid, binding contract. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. Enrich your vocabulary with the English Definition dictionary Legal consideration synonyms, Legal consideration pronunciation, Legal consideration translation, English dictionary definition of Legal consideration. Define in consideration of. Due consideration shall be given to the concepts of affirmative action. Definition and synonyms of consideration from the online English dictionary from Macmillan Education.. 14th century, in the meaning defined at sense 1. 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. Several examples of consideration are as follows: … Due consideration shall be given to any demonstrated hardship on the applicant by reason of denial, as presented at the public hearing. 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. Please tell us where you read or heard it (including the quote, if possible). See take sth into 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. Consideration is kindness and thoughtful regard for others, or an act of thoughtfulness. n. 1. a. A consideration is something that should be thought about, especially when you are planning or deciding something. A one sided promise which is not supported by consideration is a gift. 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”. b. Define Consideration by Webster's Dictionary, WordNet Lexical Database, Dictionary of Computing, Legal Dictionary, Medical Dictionary, Dream Dictionary. Something bargained for and received by a promisor from a promisee. Treating others as you would have them treat you (the Golden Rule) is one example of consideration. A number of different features complicate this simple definition. a gift given in consideration of her hard work. Price was a major consideration in our choice of house. 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. 1). | Meaning, pronunciation, translations and examples 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. 2 a : a matter weighed or taken into account when formulating an opinion or plan economic … Delivered to your inbox! Looking for definition of Consideration? In the context of insurance, the insurance company gives the consideration of coverage for losses as long as premiums are paid. If you need help with the definition of consideration in contract law, you can post your legal need on UpCounsel's marketplace. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Consideration, in contract law, an inducement given to enter into a contract that is sufficient to render the promise enforceable in the courts. Consideration or a valid substitute is required to have a contract. consideration of definition in English dictionary, consideration of meaning, synonyms, see also 'in consideration of',under consideration',on no consideration',take into consideration'. Synonyms: deliberation, thought Consideration of environmental effects is needed when choosing material. agreed to do it for a small consideration. Other factors must also be taken into consideration. Which of the following refers to thin, bending ice, or to the act of running over such ice. See the full definition for consideration in the English Language Learners Dictionary. Consideration may be given for preformance of an act or for not performing an act. “Consideration.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consideration. This is the British English definition of consideration.View American English definition of consideration.. Change your default dictionary to American English. 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 3. under consideration being currently discussed or deliberated. Definition Of 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. It must be of value to both parties entering into a transaction . Consideration Primary tabs. Note: What is Consideration? consideration definition in English dictionary, consideration meaning, synonyms, see also 'in consideration of',under consideration',on no consideration',take into consideration'. The technical requirement is either a detriment incurred by the person making the promise or a benefit received by the other person. 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.’ 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. Dictionary ! 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”. 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. Good consideration of the kind denoted by sense 1 cannot create an enforceable 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. The court in Currie v Misa declared consideration to be a “Right, Interest, Profit, Benefit, or Forbearance, Detriment, Loss, Responsibility”. 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