Wager
/ˈweɪɡər/
Definitions
- (n.) An agreement between parties to risk a stake on the outcome of an uncertain event, often subject to legal regulation; generally void if constituting illegal gambling.
The court ruled the wager invalid because it violated state anti-gambling laws.
- (v.) To stake or risk a sum of money or something of value on the outcome of an uncertain event.
He wagered a hundred dollars on the election results.
Forms
- wagers
- wagered
- wagering
Related terms
See also
Commentary
Legal validity of wagers varies by jurisdiction, with many wagers void for public policy reasons; careful drafting ensures compliance with applicable laws.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.