The Collaborative International Dictionary of English v.0.48:

Wage \Wage\, v. t. [imp. & p. p. Waged; p. pr. & vb. n.
   Waging.] [OE. wagen, OF. wagier, gagier, to pledge,
   promise, F. gager to wager, lay, bet, fr. LL. wadium a
   pledge; of Teutonic origin; cf. Goth. wadi a pledge,
   gawadj[=o]n to pledge, akin to E. wed, G. wette a wager. See
   Wed, and cf. Gage.]
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   1. To pledge; to hazard on the event of a contest; to stake;
      to bet, to lay; to wager; as, to wage a dollar. --Hakluyt.
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            My life I never but as a pawn
            To wage against thy enemies.          --Shak.
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   2. To expose one's self to, as a risk; to incur, as a danger;
      to venture; to hazard. "Too weak to wage an instant trial
      with the king." --Shak.
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            To wake and wage a danger profitless. --Shak.
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   3. To engage in, as a contest, as if by previous gage or
      pledge; to carry on, as a war.
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            [He pondered] which of all his sons was fit
            To reign and wage immortal war with wit. --Dryden.
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            The two are waging war, and the one triumphs by the
            destruction of the other.             --I. Taylor.
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   4. To adventure, or lay out, for hire or reward; to hire out.
      [Obs.] "Thou . . . must wage thy works for wealth."
      --Spenser.
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   5. To put upon wages; to hire; to employ; to pay wages to.
      [Obs.]
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            Abundance of treasure which he had in store,
            wherewith he might wage soldiers.     --Holinshed.
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            I would have them waged for their labor. --Latimer.
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   6. (O. Eng. Law) To give security for the performance of.
      --Burrill.
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   To wage battle (O. Eng. Law), to give gage, or security,
      for joining in the duellum, or combat. See Wager of
      battel, under Wager, n. --Burrill.

   To wage one's law (Law), to give security to make one's
      law. See Wager of law, under Wager, n.
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The Collaborative International Dictionary of English v.0.48:

Wage \Wage\, v. i.
   To bind one's self; to engage. [Obs.]
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The Collaborative International Dictionary of English v.0.48:

Wage \Wage\, n. [OF. wage, gage, guarantee, engagement. See
   Wage, v. t. ]
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   1. That which is staked or ventured; that for which one
      incurs risk or danger; prize; gage. [Obs.] "That warlike
      wage." --Spenser.
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   2. That for which one labors; meed; reward; stipulated
      payment for service performed; hire; pay; compensation; --
      at present generally used in the plural. See Wages. "My
      day's wage." --Sir W. Scott. "At least I earned my wage."
      --Thackeray. "Pay them a wage in advance." --J. Morley.
      "The wages of virtue." --Tennyson.
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            By Tom Thumb, a fairy page,
            He sent it, and doth him engage,
            By promise of a mighty wage,
            It secretly to carry.                 --Drayton.
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            Our praises are our wages.            --Shak.
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            Existing legislation on the subject of wages.
                                                  --Encyc. Brit.
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   Note: Wage is used adjectively and as the first part of
         compounds which are usually self-explaining; as, wage
         worker, or wage-worker; wage-earner, etc.
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   Board wages. See under 1st Board.
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   Syn: Hire; reward; stipend; salary; allowance; pay;
        compensation; remuneration; fruit.
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WordNet (r) 3.0 (2006):

wage
    n 1: something that remunerates; "wages were paid by check"; "he
         wasted his pay on drink"; "they saved a quarter of all
         their earnings" [syn: wage, pay, earnings,
         remuneration, salary]
    v 1: carry on (wars, battles, or campaigns); "Napoleon and
         Hitler waged war against all of Europe" [syn: engage,
         wage]