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bet

bet, n. Something (esp. money) staked or pledged as a wager. [Cases: Gaming 1.] — bet, vb. — betting, n. — bettor, n. layoff bet. A bet placed by a bookmaker to protect against excessive losses or to equalize the total amount placed on each side of the wager. See LAYOFF BETTOR. [Cases: Gaming 73.]

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people’s court

people’s court. 1. A court in which individuals can resolve small disputes. See small-claims court under COURT. [Cases: Courts 174. 1.] 2. In totalitarian countries, a group of nonlawyer citizens, often illiterate commoners, convened at the scene of a crime to pass judgment or impose punishment on the accused criminal. 3. (cap.) In Nazi Germany,

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