Home » Eng Finance » S » Stakeholder

Stakeholder

A person involved in a wagering contract or gaming contract who holds the money pending the outcome of the wager with the view to paying it over to the winner. Generally speaking, these contracts are void and no legal action can be ij taken to recover money on a bet, but it is possible to recover money from a stakeholder before he has paid over the winnings.

Reference: The Penguin Business Dictionary, 3rd edt.