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consideration
(redirected from Valuable consideration)

    Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Wikipedia 0.01 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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consideration
Law the promise, object, etc., given by one party to persuade another to enter into a contract
consideration
In a building contract, the compensation that shall be paid by one party to another party in return for products and/or services rendered.
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Easy Does It, Mom" is of valuable consideration to mothers who want to mother and stay clean at the same time.
Easy Does It, Mom by The Bookwatch
Easy Does It, Mom" is of valuable consideration to mothers who want to mother and stay clean at the same time.
Easy Does It, Mom by Internet Bookwatch
However, if a life insurance policy, or interest in a policy, is transferred for valuable consideration of any form, such as in a cash transaction or to satisfy mutuality of promises, then the income tax exclusion is not available to the beneficiary and the death proceeds are subject to federal income tax.
Guiding clients through the transfer-for-value maze by Levin, Philip / The Tax Adviser
 
 
 
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