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Valuable consideration

   Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
(Law) an equivalent or compensation having value given for a thing purchased, as money, marriage, services, etc.
- Blackstone.

See also: Valuable



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Easy Does It, Mom" is of valuable consideration to mothers who want to mother and stay clean at the same time.
Easy Does It, Mom" is of valuable consideration to mothers who want to mother and stay clean at the same time.
However, if a life insurance policy, or interest in a policy, is transferred for valuable consideration of any form, such as in a cash transaction or to satisfy mutuality of promises, then the income tax exclusion is not available to the beneficiary and the death proceeds are subject to federal income tax.
 
 
 
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