Nil consideration

Serbian translation: Без накнаде/плаћања

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	Nil consideration
Serbian translation:	Без накнаде/плаћања
Entered by:	Bogdan Petrovic

08:27 Nov 10, 2021

English to Serbian translations [PRO]
Bus/Financial - Finance (general)

English term or phrase: Nil consideration

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.

Bogdan Petrovic KudoZ activity Questions: 6072 (1 open) (4 without valid answers) (134 closed without grading) Answers: 281 Serbia
Local time: 02:46

Без накнаде/плаћања

Explanation:
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.

Selected response from:

Slobodan Kozarčić
Serbia
Local time: 02:46

Grading comment

Bez naknade, hvala
4 KudoZ points were awarded for this answer

Summary of answers provided

4 +2

Без накнаде/плаћања

Slobodan Kozarčić

својина је пренета без икаквог давања противредности

Daryo

5 -1

besplatno

Milan Nesic

Answers

53 mins confidence:

peer agreement (net): +2

nil consideration

Без накнаде/плаћања

Explanation:
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.

Slobodan Kozarčić
Serbia
Local time: 02:46
Native speaker of:

Serbian
PRO pts in category: 28

Grading comment

Bez naknade, hvala

8 hrs confidence:

The transfer is made for nil consideration својина је пренета без икаквог давања противредности

Explanation:
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

Daryo
United Kingdom
Local time: 01:46
Specializes in field
Native speaker of:

Serbian,

French
PRO pts in category: 118

11 hrs confidence:

peer agreement (net): -1

besplatno

Explanation:
"Besplatne transakcije između računa u [...] Banci u domaćem platnom prometu"

https://www.unicreditbank.rs/rs/sme/racun/racuni.html

Milan Nesic
Native speaker of:

Serbian
PRO pts in category: 12

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Nil consideration

Serbian translation: Без накнаде/плаћања

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Nil consideration

Serbian translation: Без накнаде/плаћања

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