consideration

Definitions

General English

Accounting

  • noun something valuable exchanged as part of a contract

Aviation

  • noun something important to remember and to think carefully about

Construction

  • The price, motive, or benefit that induces parties to form a contract. A contract is not legally enforceable without consideration.

Law

  • noun the price, in money, goods, or some other reward, paid by one person in exchange for another person promising to do something, which is an essential element in the formation of a contract
http://www.dictionarycentral.com/definition/consideration.html