Wa"ger (?), n. -- Wagering, or gambling, 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.
Wa"ger , v. i. To make a bet; to lay a wager.
'T
was merry when
You wagered on your angling.
Shak.
Wa"ger , v. t. [imp. & p. p. Wagered (?);
p. pr. & vb. n.
Wagering.]
To
hazard on the issue of
a contest, or on some question that is to be decided, or on some casualty; to lay; to stake;
to bet.
And wagered with him
Pieces of gold 'gainst this which he wore.
Shak.
Wa"ger (?), n. [OE.
wager, wajour, OF.
wagiere, or wageure, E. gageure. See Wage, v. t.]
1. Something deposited, laid, or hazarded on the event of
a contest or an unsettled question; a bet; a stake;
a pledge.
Besides these plates for horse races, the wagers may be as the persons please.
Sir W. Temple. If
any atheist can stake his
soul for a
wager against such an inexhaustible disproportion, let him never hereafter accuse others of credulity.
Bentley. 2. (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.
Bouvier.
&fist; At
common law a wager is
considered as a legal contract which the courts must enforce unless it be
on a subject contrary to public policy, or immoral, or tending to the detriment of the public, or affecting the interest, feelings, or character of a third person. In many of the United States an action can not be sustained upon any wager or
bet. Chitty.
Bouvier.
3. That
on which bets are laid; the
subject of a bet.
Wager of battel, or Wager of battle (O. Eng. Law), the giving of gage, or pledge, for trying a cause by single combat, formerly allowed in military, criminal, and civil causes. In writs of right, where the trial was
by champions, the tenant produced his champion, who, by throwing down his glove as a gage, thus waged, or stipulated, battle with the champion of the demandant, who, by taking up the
glove, accepted the challenge. The wager of battel, which has been long
in disuse, was abolished in England in 1819, by a statute passed in consequence of a defendant's
having waged his battle in a case which arose about that period. See 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.
Hear it pronounced