consideration meaning

EN[kənˌsɪdəˈɹeɪʃən] [-eɪʃən]
  • Consideration is the concept of legal value in connection with contracts. It is anything of value promised to another when making a contract.
  • In common law it is a prerequisite that both parties offer consideration before a contract can be thought of as binding.
  • However, even if a court decides there is no contract, there might be a possible recovery under quantum meruit (sometimes referred to as a quasi-contract) or promissory estoppel.
  • If A signs a contract to buy a car from B for $5,000, A's consideration is the $5,000, and B's consideration is the car.
FR considération
  • Part-of-Speech Hierarchy
    1. Morphemes
      • Suffixes
        • Words by suffix
          • Words suffixed with -ation
      • Nouns
        • Countable nouns
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      1. en considerations
      Source: Wiktionary

      Meaning of consideration for the defined word.

      Grammatically, this word "consideration" is a morpheme, more specifically, a suffixe. It's also a noun, more specifically, a countable noun.
      Difficultness: Level 1
      Easy     ➨     Difficult
      Definiteness: Level 8
      Definite    ➨     Versatile