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Word: wager
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Meaning:
Noun:
- A contract by which two parties or more agree that a certain sum of money, or other thing, shall be paid or delivered to one of them, on the happening or not happening of an uncertain event.
- Agent noun of wage; one who wages.
- Something deposited, laid, or hazarded on the event of a contest or an unsettled question; a bet; a stake; a pledge.
- That on which bets are laid; the subject of a bet.
Source: Wiktionary
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Verb:
- To put something up as collateral
Source: Wiktionary
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