Stakeholder

3 definitions found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  Stakeholder \Stake"hold`er\ (-h[=o]ld`[~e]r), n.
     The holder of a stake; one with whom the bets are deposited
     when a wager is laid.
     [1913 Webster]

From WordNet (r) 2.0 [wn]:



  stakeholder
       n : someone entrusted to hold the stakes for two or more persons
           betting against one another; must deliver the stakes to
           the winner

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

  STAKEHOLDER, contracts. A third person, chosen by two or more persons, to 
  keep in deposit property, the right or possession of which is contested 
  between them and to be delivered to the one who shall establish his right to 
  it. Thus each of them is considered as depositing the whole thing. This 
  distinguishes this contract from that which takes place when two or more 
  tenants in common deposit a thing with a bailee. Domat, Lois Civ. liv. 1, t. 
  7, s. 4; 1 Vern. R. 44, n. 1. 
       2. A person having in his hands money or other property claimed by 
  several others, is considered in equity as a stakeholder. 1 Vern. R. 144. 
       3. The duties of a stakeholder are to deliver the thing holden by him 
  to the person entitled to it on demand. It is frequently questionable who is 
  entitled to it. In case of an unlawful wager, although be may be justified 
  for delivering the thing to the winner, by the express or implied consent of 
  the loser; 8, John. 147; yet if before the event has happened he has been 
  required by either party to give up the thing deposited with him by such 
  party, he is bound so to deliver it; 3 Taunt. 377; 4 Taunt. 492; or if, 
  after the event has happened, the losing party give notice to the 
  stakeholder not to pay the winner, a payment made to him afterwards will be 
  made in his own wrong, and the party who deposited the money or thing may 
  recover it from the stakeholder. 16 S. & R. 147; 7 T. R. 536; 8 T. R. 575; 4 
  Taunt. 474; 2 Marsh. 542. See 3 Penna. R. 468; 4 John. 426; 5 Wend. 250; 2 
  P. A. Browne, 182; 1 Bailey, 486, 503. See Wagers.