wagering contract

noun

Definition of wagering contract

  1. :  a contract by which a promisor agrees that upon the occurrence of an uncertain event or condition he or she will render a performance for which there is no agreed consideration exchanged, and under which the promisee or the beneficiary of the contract is not made whole for any loss caused by such occurrence (as in options, insurance contracts, trading in futures, or betting contracts)

Love words? You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.

Join MWU now and get access to America’s largest dictionary, with:

  • 300,000 words that aren't in our free dictionary
  • Expanded definitions, etymologies, and usage notes
  • Advanced search features
  • Ad free!

Seen and Heard

What made you want to look up wagering contract? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

a brief usually trivial fact

Get Word of the Day daily email!