consideration meaning
, the act of thinking about something carefully : After some consideration, we've decided to sell the house . The whole matter needs (to be given) careful consideration. More examples in a contract , something with financial value that is given in exchange for something else , for example , a bank loan that is made in exchange for the borrower's promise to repay it: From the wording of the agreement it was clear that the initial payment was part of the consideration. A lack of consideration is one reason why a promise to do something may not be recognized as legally binding by a court of law . [ C ] ...