The Collaborative International Dictionary
Gaging
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.]
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To give or deposit as a pledge or security for some act; to wage or wager; to pawn or pledge. [Obs.]
A moiety competent Was gaged by our king.
--Shak. -
To bind by pledge, or security; to engage.
Great debts Wherein my time, sometimes too prodigal, Hath left me gaged.
--Shak.
Wiktionary
gaging
vb. (present participle of gage English)