wager

Definition of wager

wa´ger Pronunciation: wā´jẽrd

- Sir W. Temple.

- Bentley.

(Law) A contract by which two parties or more agree that a certain sum of money, or other thing, shall be paid or delivered to one of them, on the happening or not happening of an uncertain event.

That on which bets are laid; the subject of a bet.

Wager of battel

Wager of law
(Law) the giving of gage, or sureties, by a defendant in an action of debt, that at a certain day assigned he would take a law, or oath, in open court, that he did not owe the debt, and at the same time bring with him eleven neighbors (called compurgators), who should avow upon their oaths that they believed in their consciences that he spoke the truth.

Wager policy
(Insurance Law) See under Policy.

Wagering contract
A contract which is of the nature of wager. Contracts of this nature include various common forms of valid commercial contracts, as contracts of insurance, contracts dealing in futures, options, etc. Other wagering contracts and bets are now generally made illegal by statute against betting and gambling, and wagering has in many cases been made a criminal offence.

v. t.

To hazard on the issue of a contest, or on some question that is to be decided, or on some eventuality; to lay; to stake; to bet.

[imp. & p. p. wagered (wā"jẽrd); p. pr. & vb. n. wagering.]

And wagered with him
Pieces of gold 'gainst this which he wore.

- Shak.

v. i.

To make a bet; to lay a wager.

'T was merry when
You wagered on your angling.

- Shak.

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