Definition of Wagering or gambling. Meaning of Wagering or gambling. Synonyms of Wagering or gambling
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Definition of Wagering or gambling
Wagering or gambling Wager 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. Wages Wa"ges, n. pl. (Theoretical
Economics)
The share of the annual product or national dividend which
goes as a reward to labor, as distinct from the remuneration
received by capital in its various forms. This economic or
technical sense of the word wages is broader than the current
sense, and includes not only amounts actually paid to
laborers, but the remuneration obtained by those who sell the
products of their own work, and the wages of superintendence
or management, which are earned by skill in directing the
work of others.
