Site icon The Law Dictionary

STAKE

An interest, an amount of money invested in a business or venture.

Law Dictionary – Alternative Legal Definition

1. In Saxon law. Larceny. 2. Also late or barred. In the language of the courts of equity, a “stale” claim or demand is one which has not been pressed or asserted for so long a time that the owner or creditor is chargeable with laches, and that changes occurring meanwhile in the relative situation of the parties, or the intervention of new Interests or equities, would render the enforcement of the claim or demand against conscience. 3. A deposit made to answer an event as on a wager. Stakeholder primarily means a person with whom money is deposited pending the decision of a bet 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.

Exit mobile version