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LSDefine

Simple English definitions for legal terms

wager

Read a random definition: heritable obligation

A quick definition of wager:

Wager: A wager is when someone puts money or something else valuable at risk by betting on an uncertain event. It can also mean making a promise to pay money if something uncertain happens. It is sometimes called gambling.

A more thorough explanation:

Definition: Wager refers to the money or other consideration that is risked on an uncertain event, such as a bet or gamble. It can also refer to a promise to pay money or other consideration on the occurrence of an uncertain event.

Examples:

  • John placed a wager of $50 on his favorite football team to win the game.
  • Samantha made a wager with her friend that she could finish reading a book in one day.
  • A company made a wager with its employees that if they met their sales target, they would receive a bonus.

The examples illustrate how wager refers to the money or other consideration that is risked on an uncertain event. In the first example, John is risking $50 on the uncertain outcome of the football game. In the second example, Samantha is making a bet with her friend that she can finish reading a book in one day. In the third example, the company is promising to pay a bonus to its employees if they meet their sales target, which is an uncertain event.

wage-earner's plan | wagering contract

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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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