consideration clause

Definition

A contractual stipulation defining the amount and timing of payments due for a specified level of coverage under an insurance policy. Different types of consideration clauses may be used in other industries (such as real estate and stock option transactions) regarding compensation or remuneration payable under the terms of a contract.

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There was a consideration clause that I had to be aware of and I was and it made me feel very interesting.

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consideration clause A contractual stipulation defining the amount and timing of payments due for a specified level of coverage under an insurance policy. Different types of consideration clauses may be used in other industries (such as real estate and stock option transactions) regarding compensation or remuneration payable under the terms of a contract.

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As stated in the consideration clause of Samantha's auto insurance policy, she would not receive payment (valued at 80% of the MSRP for a current model per the clause) for her wrecked car until after the certified mechanic declared it a total loss.

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consideration consignee