a physical object offered as a pledge of security (or the act of offering said object)
► uses
Uses:
“Sir Knight,” said Manfred, “this is not courteous, but by my good faith I will not cross thee, nor shalt thou have cause to complain of the Prince of Otranto. No treachery is designed on my part; I hope none is intended on thine; here take my gage” (giving him his ring): “your friends and you shall enjoy the laws of hospitality. Rest here until refreshments are brought.
Horace Walpole. The Castle of Otranto (1764)
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Did forfeit, with his life, all those his lands Which he stood seized of, to the conqueror:
Against the which, a moiety competent Was gaged by our king; which had return'd
To the inheritance of Fortinbras, Had he been vanquisher; as, by the same covenant,