Meaning of the word "in consideration of" in English

What does "in consideration of" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

in consideration of

US /ɪn kənˌsɪd.əˈreɪ.ʃən əv/
UK /ɪn kənˌsɪd.əˈreɪ.ʃən əv/

Phrase

taking into account; because of

Example:
In consideration of your excellent work, we are offering you a bonus.
The judge reduced the sentence in consideration of the defendant's age.