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consideration |
Also found in: Legal, Financial, Encyclopedia, Wikipedia | 0.06 sec. |
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consideration, n a valued commodity exchanged between two parties in a legal agreement with one another, such as money, services, and so forth. consideration, n inducement to make a contract. It may be a benefit to the promisor or a loss or detriment to the promisee. Consideration must be regarded as such by both parties. consideration the essential element in all contracts; the return for the outlay. Wages, leave entitlements are considerations in a contract of appointment, even though many of them are unwritten. The provision of housing as part of an employment package is a consideration. The fee for surgery is the consideration in return for the surgery. |
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? Mentioned in | ? References in periodicals archive | |
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A brief review of the legal considerations is addressed first, followed by a discussion of the ethical considerations. Legal Considerations The physical therapist complies with all the legal requirements of jurisdictions regulating the practice of physical therapy. There is also, for these facilities, a legal consideration that must be taken into account. |
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