consideration

(redirected from takes into consideration)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.
Related to takes into consideration: take into account

Consideration

Money or other payment provided in exchange for an act or service that helps a business. Consideration may be cash in which case, it is more like a sale or payment-in-kind. For example, a person may receive a certain amount of equity in a business in exchange for giving or allowing the business to use the person's intellectual property.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

consideration

Something of value provided by one party to another. For example, a person might provide an idea or labor to a business in exchange for shares of ownership.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

consideration

  1. something of value which is offered by a party to a CONTRACT in exchange for something of value received. Consideration usually takes the form of a monetary payment in exchange for GOODS or SERVICES received, but could involve, for example, the direct exchange of one product for another (as in BARTER).
  2. the sum of money paid by an investor to purchase SHARES, STOCKS, etc., or the proceeds from selling such securities before allowing for stockbroker's commission and other transfer expenses.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

consideration

An act or a promise given by one person in exchange for an act or a promise from the other.The values do not have to be equal, and it has been said that one may promise to give a barleycorn in exchange for the promise to deed a castle,and it will be sufficient.It is a common misperception that earnest money is the component that makes a real estate contract enforceable. In reality, the promise to buy, and the promise to sell, is sufficient consideration. Consideration is an essential element for contract enforcement.

Consideration substitutes. Sometimes the law will permit enforcement of a contract even though one side or the other did not give consideration, if there was an allowed consideration substitute. The most common one is detrimental reliance, in which one person promises to do a thing gratuitously and another worsens his or her position in reliance on that promise. Under ordinary circumstances this would be a mere promise to make a gift, and unenforceable. Because of the detrimental reliance, however, it may become an enforceable contract.

Adequate consideration. If this is required by law, the consideration must be reasonably close to the value of the thing promised or exchanged.

Good consideration. The consideration is based on natural duty and affection or a moral obligation, such as property sold for “love and affection.”

Consideration of support. It is not uncommon for elderly parents to transfer property to their children “in consideration of care and support.” In most states, such transfers are voidable if the care and support are not forthcoming.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Such an examination can be successfully accomplished only if one takes into consideration the agenda and education of the individual authors of each diary, letter and chronicle; moreover, one should also examine these documents from a fifteenth-century and not a twentieth-century perspective.
It also takes into consideration important arrangements concerning laboratory and radiology services, the various business and management needs of the clinic, and mix of physicians.
While estimating that 34 million people in the United States are more than 20 percent over their ideal weight, the panel bemoaned the lack of a good standard weight table that takes into consideration age, build and whether a 6-foot-tall 220-pounder happens to be a muscular football player or an idle endomorph.
The rating also takes into consideration KSIL's small scale of operations, moderate capacity utilisation levels, limited value addition in the existing stand-alone sponge iron facility, an adverse capital structure and the working capital intensive nature of operation which in turn impacts its liquidity position adversely.
The redesigned Freedom Tower takes into consideration the NYPD's and the NIST recommendations, making it the safest and most structurally sound building in the United States, once it's finished in 2010.