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Ballentine's Law Dictionary · James A. Ballentine · 1916

Ballentine's Law Dictionary

A combination of a number of persons, each staking a sum of money on the success of a race, or a contestant in a game, the money to be divided among the successful betters according to the sum put in by each.

See 93 Va. 159, 57 Am. St. Rep. 795, 31 L. R. A. 822, 24 S. E. 930.

An association of persons engaged in buying or selling a certain commodity or commodities.

See 103 U. S. 168, 26 L. Ed. 377.