gage

Intermediate ⚖️ Legal

Definition

An archaic legal/financial pledge—basically collateral you left behind to prove you weren't just another flaky merchant. Your great-grandfather's version of 'hold my Rolex while I handle this transaction.'

Example Usage

The knight offered his signet ring as a gage to secure the nobleman's trust on the credit agreement.

Source: Historical English legal and financial terminology; Merriam-Webster

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See “gage” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.

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