Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “consideration”

consideration

noun     /kənˌsɪdərˈeɪʃən/
[C or U] LAW 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] formal an amount of money as payment for a service : He agreed to do the job for a small consideration.
(Definition of consideration noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of consideration

Definitions of “consideration” in other dictionaries

Word of the Day

prenuptial agreement

an official document signed by two people before they get married that says what will happen to their possessions and/or children if they divorce (= officially stop being married)

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More