/kənˌsɪdəˈreɪʃən/ – nounverb
Definition: 1. việc xem xét, việc trao đổi ý kiến;
2. nhận thức, kiến giải, lý do;
3. thù lao, sự đền bù, sự bồi thường, tiền thưởng, tiền bảo chứng;
4. sự tôn trọng, sự kính trọng.
A more throughout explanation: In legal terms, consideration refers to something of value that is given by one party to another in exchange for a promise or performance. It is a necessary element in the formation of a contract, as both parties must provide consideration for the contract to be legally binding. Consideration can take various forms, such as money, goods, services, or a promise to do or not do something.
Example: In order for a contract to be valid, there must be consideration exchanged between the parties involved.