From The Collaborative International Dictionary of English v.0.48:

Gage \Gage\, v. t. [imp. & p. p. Gaged (g[=a]jd); p. pr & vb.
   n. Gaging (g[=a]"j[i^]ng).] [Cf. F. gager. See Gage, n.,
   a pledge.]
   1. To give or deposit as a pledge or security for some act;
      to wage or wager; to pawn or pledge. [Obs.]
      [1913 Webster]

            A moiety competent
            Was gaged by our king.                --Shak.
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   2. To bind by pledge, or security; to engage.
      [1913 Webster]

            Great debts
            Wherein my time, sometimes too prodigal,
            Hath left me gaged.                   --Shak.
      [1913 Webster]
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