Public-domain · open source
OpenJurist

Stake

Defined in 2 dictionaries — Cyclopedic (1922), Black's (1910)

The Cyclopedic Law Dictionary

Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922

A sum of money or other valuable thing, the ownership of which is in dispute, or to which one or more have contributed, or ow Ti, who agree that it shall of an event at present uncertain. The person chosen as custodian of the property is called the stateholder (g. v.) 81 N. Y. 539.

Black's Law Dictionary

Henry Campbell Black, M.A. · 1910

A deposit made to answer an event, as on a wager. See Harris v. White, 81 N. Y. 539; Porter v. Day, 71 Wis. 296, 37 N. W. 259; Mohr v. Miesen, 47 Minn. 228, 49 N. W. 862.

Stakeholder primarily. a person with whom money is deposited pending the decision of a bat or wager, (q. v.,) but it is more often used to mean a person who holds money or property which is claimed by rival claimants, but in which he himself claims no interest Sweet. And see Oriental Bank v. Tremont Ins. Co.., 4 Mete. (Mass.) 10; Fisher v. Hildreth, 117 Mass. 562; Wabash R. Co. v. Flannigan, 95 Mo. App. 477, 75 S. W. 69L