consideration

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consideration,

in law: see contractcontract,
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

In a building contract, the compensation that shall be paid by one party to another party in return for products and/or services rendered.

consideration

Law the promise, object, etc., given by one party to persuade another to enter into a contract
References in periodicals archive ?
The deal also included 0.5937 shares of ARCP's 6.70% series F cumulative redeemable preferred stock (NASDAQ: ARCPP) (valued at USD 14.84 based on a liquidation preference of USD 25.00 per share of perpetual preferred stock and representing 48.6% of the total nominal consideration), for a fixed nominal consideration, as of January 2, 2014, of USD 30.52.
Alpha Bank will acquire Emporiki Bank's entire share capital for a nominal consideration in accordance with the terms and conditions set by the Hellenic Financial Stability Fund.
S., to a board of trustees on an 'as is' basis, for a nominal consideration. Staff will prepare a recommendation for the committee's consideration.
If Walgreens decides not to exercise the option to buy out Alliance Boots, under certain circumstances its ownership stake will decrease from 45% to 42% in exchange for a nominal consideration to Walgreens.
The bank alleges contempt against Sean Quinn Snr and Peter Quinn via their alleged involvement in alleged assignment of about $130million worth of loans to a Belize entity for nominal consideration on or after July 20 last year.
"He is doing so for a nominal consideration of a pound.
The West Brom initially announced in May last year that it had agreed in principle "to sell Mortgage Force to the management for a nominal consideration while retaining a small minority interest".
We acquired the assets for only a nominal consideration and will fund the implementation out of internally generated funds.
In a separate announcement, the building society said it had agreed, in principle, "to sell Mortgage Force to the management for a nominal consideration whilst retaining a small minority interest".
According to the Heads of Agreement, both firms have agreed to enter into a share purchase agreement and a joint venture agreement in relation to the establishment of a joint venture through the sale of 51 percent of Baltic's wholly owned trading subsidiary Baltic Hydrocarbons Limited (BHL) to Exoy for nominal consideration.
The Serious Fraud Office, acting for the South African tax investigators, told the court: "In the execution of those fraudulent activities, it was alleged that he had transferred, or arranged to be transferred, his shares in various South African-registered companies into the name of Agnes King, his mother, for no consideration or for nominal consideration." The court heard that Agnes's home address was gifted to Metlika Trading in February 2001.
Previous sale: $100 in January 2004 (transfer for nominal consideration).