consideration
noun
uk/kənˌsɪdərˈeɪʃən/ us [ C or U ] LAW
in a contract, something with financial value that is given in exchange for something else, for example, a bank loan that is made in exchange for the borrower's promise to repay it:
From the wording of the agreement it was clear that the initial payment was part of the consideration.
A lack of consideration is one reason why a promise to do something may not be recognized as legally binding by a court of law.
[ C ] formal
an amount of money as payment for a service:
He agreed to do the job for a small consideration.