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gage

Pronunciation: (gāj), [key]
—n., v., gaged, gag•ing.

—n.
1. something, as a glove, thrown down by a medieval knight in token of challenge to combat.
2. Archaic.a challenge.
3. Archaic.a pledge or pawn; security.

—v.t.
Archaic.to pledge, stake, or wager.