What does adequate consideration mean?

adequate consideration meaning in Law Dictionary

the one that is equal, or fairly proportioned, to the value of that for which it is offered. 1 Story, Eq. Jur.

adequate consideration meaning in Business Dictionary

the purchase price stipulation within a contract that establishes equivalence in the change of worth in the shape of cash, goods or solutions. Any exchange of value that's deemed never to be equivalent could make the agreement unenforceable.