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HAZARD Definition & Legal Meaning

Law dictionary entry - legal definition of embargo

Definition & Citations:

1. In old English law. Anunlawful game at dice, those who play at it being called “hazardors.” Jacob.2. In modern law. Any game of chance or wagering. Cheek v. Com., 100 Ky. 1, 37S. W. 152; Graves v. Ford. 3 B. Mon. (Ky.) 113; Somers v. State, 5 Sneed (Tenn.) 43a3. In insurance law. The risk, danger, or probability that the event Insured againstmay happen, varying with the circumstances of the particular case. See State Ins. Co.v. Taylor. 14 Colo. 499, 24 Pac. 333, 20 Am. St. Rep. 281.

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