Reasonably Equivalent Value - Law Dictionary Search Results
Home Dictionary Name: reasonably equivalent valuereasonably equivalent value
reasonably equivalent value : value that is a fair amount for property transferred by a debtor esp. in bankruptcy and that is not therefore evidence of a fraudulent conveyance see also fair consideration at consideration ...
consideration
consideration : 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 NOTE: Except in Louisiana, consideration is a necessary element to the creation of a contract. The consideration must result from bargaining by the parties, and must be the thing that induces the mutual promises. ad·e·quate consideration : a consideration that is reasonably equivalent in value to the thing for which it is given fair consideration : a consideration that is reasonable and given in good faith ;specif : something with a reasonably equivalent value that under the laws of fraudulent conveyances is given in good faith in exchange for the transfer of property good consideration 1 : a consideration based on a family relationship or natural love and affection 2 : valuable consideration in this entry NOTE: When used as defined in sense 1 good consideration is the opposite of valuable consider...
Consideration
Consideration. Any act of the promisee (the person claiming the benefit of an obligation) from which the promisor (the person burdened with the obligation) or a stranger derives a benefit or advantage, or any labour detriment or inconvenience sustained or suffered by the promisee at the request, express or implied, of the promisor. See Laythoarp v. Bryant, 3 Scott 250; 2 Wms. Saund 137 h; Currie v. Misa, (1875) LR 10 Exch 153.Consideration is one of the facts which the courts require as evidence of intention, (a) that a person intends his promise to be binding on him, or (b) that he intends to divest himself of a beneficial interest in property. In its widest sense consideration is the price, motive or inducement for a promise or for a transfer of property from one person to another. The nature or quality of the consideration which will be sufficient for these purposes varies with the nature of the transaction and in the absence of consideration the Courts will, except in the case of s...
Compensation
Compensation, according to dictionary it means, 'compensating or being compensated; thing given as recompense;'. In legal sense it may constitute actual loss or expected loss and may extend to physical mental or even emotional suffering, insult or injury or loss, Ghaziabad Development Authority v. Balbir Singh, (2004) 5 SCC 65 (75): AIR 2004 SC 2141.--Making things equivalent, satisfying or making amends, a reward for the apprehension of criminals; also that equivalent in money which is paid to the owners and occupiers of lands taken or injuriously affected for public purposes and under Act of Parliament, e.g., the (English) Lands Clauses Consolidation Act, 1845 (8 & 9 Vict. c. 18), but where the land is acquired compulsorily by a Government Department or any local or Public Authority the compensation is regulated by the (English) Acquisition of Land (Assessment of Compensation) Act, 1919 (9 & 10 Geo. 5, c. 57) and Rules of 1919, and see Housing Act, 1936, ss. 40 and 42 and Schedules, ...
value
value 1 a : a fair return or equivalent in goods, services, or money for something exchanged [received good for the price] b : valuable consideration at consideration 2 : monetary worth ;esp : market value val·ue·less adj vt val·ued valu·ing : to estimate or determine the monetary value of ...
Equivalence
The condition of being equivalent or equal equality of worth value signification or force as an equivalence of definitions...
Rateable value of a building
Rateable value of a building, the criteria for deter-mining rateable value of a building is the annual rent at which such building might reasonably expect to get from a hypothetical tenant, if the building were let from year, less certain deductions. What is reasonable is a question of fact and it depends on the facts and circumstances of a given situation, Dr. Balbir Singh v. M.C.D., AIR 1985 SC 339: (1985) 1 SCC 167: (1985) 2 SCR 439....
True-value rule
True-value rule, means the rule requiring that one who subscribes for and receives corporate stock must pay par value for it, in either money or its equivalent, so that a corporation's real assets square with its books, Black's Law Dictionary, 7th Edn., p. 1513....
Equivalent
Equivalent, 1. Equal in value, force, amount, effect or significance; 2. corresponding in effect or function; nearly equal; virtually identical, Black's Law Dictionary, 7th Edn....
Equivalent
Equal in worth or value force power effect import and the like alike in significance and value of the same import or meaning...
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