Definition for WA'GER-ING

WA'GER-ING, ppr.

Laying; betting. Wagering policy, in commerce, a policy of insurance, insuring a sum of money when no property is at hazard; as, a policy to insure money on a ship when no property is on board; that is, insurance, interest or no interest: or a wagering policy may be a policy to insure property which is already insured. Such policies in England are by statute 19 Geo. III. made null and void.

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