Definition of valuable consideration in English:

valuable consideration

Syllabification: val·u·a·ble con·sid·er·a·tion

noun

Law
Legal consideration having some economic value, which is necessary for a contract to be enforceable.
More example sentences
  • Accordingly, a grantee who takes the lease for valuable consideration takes it as if he were buying a registered estate, and in consequence is not bound by any minor interest which is not protected on the register.
  • It follows that a debt may only be released by an agreement for valuable consideration or by an agreement under seal.
  • There is no valuable consideration passing from the trustee to the contributor.

Definition of valuable consideration in:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day hubris
Pronunciation: ˈ(h)yo͞obris
noun
excessive pride or self-confidence