nominal consideration


nominal consideration
A consideration in a nominal sum, such as "one dollar." 17 Am J2d Contr § 102; 23 Am J2d Deeds § 66.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • nominal consideration — see consideration Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • nominal consideration — symbolic donation, small donation that is intended to express a certain idea …   English contemporary dictionary

  • consideration — con·sid·er·a·tion n: something (as an act or forbearance or the promise thereof) done or given by one party for the act or promise of another see also contract compare motive ◇ Except in Louisiana, consideration is a necessary element to the… …   Law dictionary

  • Consideration in English law — is one of the three main building blocks of a contract. Consideration can be anything of value (such as an item or service), which each party to a legally binding contract must agree to exchange if the contract is to be valid. If only one party… …   Wikipedia

  • nominal — nom·i·nal / nä mən əl/ adj 1: existing or being something in name or form but usu. not in reality defenses...raised by the corporation as nominal defendant in a derivative suit R. C. Clark 2: being so small or trivial as to be a mere token… …   Law dictionary

  • Consideration — Contract law Part …   Wikipedia

  • consideration — The inducement to a contract. The cause, motive, price, or impelling influence which induces a contracting party to enter into a contract. The reason or material cause of a contract. Some right, interest, profit or benefit accruing to one party,… …   Black's law dictionary

  • consideration — The inducement to a contract. The cause, motive, price, or impelling influence which induces a contracting party to enter into a contract. The reason or material cause of a contract. Some right, interest, profit or benefit accruing to one party,… …   Black's law dictionary

  • consideration — /keuhn sid euh ray sheuhn/, n. 1. the act of considering; careful thought; meditation; deliberation: I will give your project full consideration. 2. something that is or is to be kept in mind in making a decision, evaluating facts, etc.: Age was… …   Universalium

  • Nominal impedance — in electrical engineering and audio engineering refers to the approximate designed impedance of an electrical circuit or device. The term is applied in a number of different fields, most often being encountered in respect of: The nominal value of …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.