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A âwagerâ can be described as, follows: âThe agreement of gaming and wageringâ is that one party is to win and the other e upon a future every which at the time C the contract is of an a in nature - that is to say, if the event turns out one way A will lose; I it turns out the other way he will win.â.
Definition of contract. 1 : to make a contract The builder contracted with them to build a deck. 2 : to draw together so as to become diminished in size Metal contracts on cooling.; also : to become less in compass, duration, or length Muscle contracts in tetanus.