Valuable Consideration

Definition

• An equivalent or compensation having value given for a thing purchased, as money, marriage, services, etc. It is the granting of some beneficial right, interest, or profit by one party in exchange for the performance of another.

Synonyms
vested interest, determined worth, value, fairly compensated

Related Terms and Acronyms

• Consideration — Definition,
  • A thing of value that is negotiated as part of a contract.
• Sweat Equity — Definition,
  • The value of the work put into a house by its owner. This can be used in place of a full down payment. Up to and including 50% of a down payment.