Updated: Aug 20, 2021

An act or contract which the law does not recognize and on which no action can be based. Most contracts involving wagering are unlawful.

Reference: The Penguin Business Dictionary, 3rd edt.

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.