Consideration
Definition
Something of value exchanged for a promise. 'Quid Pro Quo' (Something for something).
Example
"A pays ₹500 to B in exchange for a book. The money is consideration for the book."
Something of value exchanged for a promise. 'Quid Pro Quo' (Something for something).
"A pays ₹500 to B in exchange for a book. The money is consideration for the book."