Glossary entry

English term or phrase:

Nil consideration

Serbian translation:

Без накнаде/плаћања

Added to glossary by Bogdan Petrovic
Nov 10, 2021 08:27
2 yrs ago
13 viewers *
English term

Nil consideration

English to Serbian Bus/Financial Finance (general)
The transfer is made for nil consideration since the companies are affiliated within the same Group.

Ovo je neka definicija sa interneta:

Where an asset is acquired for nil or nominal consideration, the fair value at the date of acquisition is deemed to be its cost.

Proposed translations

+2
53 mins
Selected

Без накнаде/плаћања

https://www.justanswer.com/uk-property-law/3km30-does-nil-co...

"Nil consideration" means that no money was paid between the parties to a transaction.
Peer comment(s):

agree milena beba
5 hrs
Хвала.
agree Jelena Delibasic : agree
23 hrs
Хвала.
neutral Daryo : strictly speaking it would mean "nothing was expected in return" - be it money or anything else - like a "payment" in shares, or some other kind of barter.
1 day 13 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Bez naknade, hvala"
8 hrs
English term (edited): The transfer is made for nil consideration

својина је пренета без икаквог давања противредности

In a contract, а "consideration" could be just about anything.

Most of the time it's some amount of money, but it could be anything else "of value" that is exchanged for what is being "sold".


"What is consideration in contract law?
‘Consideration’ is the price given in exchange for goods or services under a contract, or a promise to do (or not to do) something in return. The price is usually money – but can be anything that has value."
https://www.inbrief.co.uk/contract-law/consideration-in-cont...


https://hallellis.co.uk/contractual-consideration/

https://www.e-lawresources.co.uk/Consideration.php

https://www.lawteacher.net/free-law-essays/contract-law/cons...

etc
Something went wrong...
-1
11 hrs

besplatno

"Besplatne transakcije između računa u [...] Banci u domaćem platnom prometu"
Peer comment(s):

disagree Daryo : "пренос новца са једног рачуна на други без плаћања банкарских трошкова" нема никакве везе с овим текстом.
1 day 2 hrs
Transakcija unutar zatvorenog sistema i odsustvo protivčinidbe za izvršenu uslugu
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