wager-cupn. a ‘cup’ offered as a prize in a contest.
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the world > action or operation > prosperity > success > token of victory or supreme excellence > [noun] > prize > other specific prize
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quaich1971
1878 W. J. CrippsOld Eng. Plate x. 292 The well-known cups, sometimes called ‘wager cups’, in the form of a woman holding a smaller cup over her head with outstretched arms.