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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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50% - Moderately

Valuable Consideration


Synonyms:determined worth, fairly compensated, value, vested interest
Filed Under: financial-banking, legal-contracts
Tags: banking, contract, legal
 

Definition of valuable consideration

valuable consideration
1. 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.

Related Terms and Acronyms:

  • consideration   A thing of value that is negotiated as part of a contract.
  • sweat equity   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.

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