Fair consideration

Definition
: 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

Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
http://www.m-w.com

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collateral estoppel

estoppel by judgment barring the relitigation of issues litigated by the same parties on a different cause of action

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