catflap.org Online Dictionary Query

  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.