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consideration
(redirected from Nominal consideration)

    Also found in: Medical, Legal, Financial, Wikipedia 0.03 sec.
consideration, in law: see contract contract, in law, a promise, enforceable by law, to perform or to refrain from performing some specified act. In a general sense, all civil obligations fall under tort or contract law.
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Under the proposed transaction, all Sunshine shares will be transferred to Rex "for a nominal consideration.
Airline News - Asia / Pacific by Airguide Online
and sold its Hong Kong subsidiary to an unaffiliated third party for nominal consideration.
The Singing Machine Company Announces Sale of Its Hong Kong Subsidiary by Business Wire
On June 9, 2006 the Company sent notice to Master Gain of its election to exercise its termination rights of the JV Agreement and exercise its right to purchase Master Gain's fifty percent (50%) ownership interest in BTIH, which the Company anticipates to be for nominal consideration.
Blonder Tongue Terminates Joint Venture Agreement by Business Wire
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