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LSDefine

Simple English definitions for legal terms

wager

Read a random definition: Prior art

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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General chat about the legal profession.
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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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