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Meaning of put-and-take

put-and-take

Pronunciation: (poot'n-tāk'), [key]
— n.
  1. any of various games of chance played with a teetotum or other special type of top, in which each player puts in an equal stake before starting to spin the top.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.