ALEA

1 definition found

From Bouvier's Law Dictionary, Revised 6th Ed (1856) [bouvier]:

  ALEA; civil law. The chance of gain or loss in a contract. This chance
  results either from the uncertainty of the thing sold, as the effects of a
  succession; or from the uncertainty of the price, as when a thing is sold
  for an annuity, which is to be greater or less on the happening of a future
  event; or it sometimes arises in consequence of the uncertainty of both. 2
  Duv. Dr. Civ. Fr. n. 74.