Definition of CRUSE. : a small vessel (as a jar or pot) for holding a liquid (as water or oil).See cruse defined for kids.ADVERTISEMENT. a small vessel (as a jar or pot) for holding a liquid (as water or oil). See cruse defined for kids.
Gambling is the wagering of money or something of material value (referred to as the stakes) on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Gambling thus requires three elements be present: consideration, chance and prize.
What is 'Speculation'. Speculation is the act of trading in an asset or conducting a financial transaction that has a significant risk of losing most or all of the initial outlay with the expectation of a substantial gain. With speculation, the risk of loss is more than offset by the possibility of a huge gain, otherwise there would be very little motivation to speculate.