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.

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Pronunciation: kərf
noun
a slit made by cutting with a saw